- Kava is a layer-1 blockchain that combines Ethereum and Cosmos, the two permissionless ecosystems, into one single and scalable network.
- KavaDAO is a fully decentralized autonomous organization (DAO) that governs Kava Network.
- The network uses KAVA as its governance and utility token.
The Kava blockchain network will launch the Ethereum Co-Chain BETA on April 5. This public beta launch is an incentivized event to stress test the Ethereum Co-Chain. At the event, the users will get to experience the Kava Network's upcoming protocols and DApps.
Despite the positive news, the KAVA token fell 3.31% to US$4.44 at 12:55 pm ET. The global crypto market was down 3.21% to US$2.09 trillion in the last 24 hours to 1:10 pm ET. However, Kava is on track to launch Ethereum Co-Chain and the ETH Bridge Beta in April 2022.