The cross-chain settlement layer Union announced the launch of the Union Foundation, an independent organization dedicated to building a more secure, decentralized and interoperable Web3. Its core focus is to fund initiatives that support the Union network and incentivize its development through maintenance, continued development and decentralized application (dApp) creation, including grant programs and the Union Fellowship program. The Union Foundation announced that it will soon release a token economic model and the Union mainnet will be launched soon.