Key Takeaways
- Wormhole announced the creation of a strategic reserve aimed at supporting the value of its native W token.
- The reserve is part of a broader tokenomics initiative by Wormhole to enhance utility and value within its cross-chain protocol ecosystem.
Wormhole introduced a strategic reserve designed to accumulate value into its W token, according to a blog post published today.
The cross-chain protocol announced the initiative as part of its tokenomics strategy.
The W token serves as Wormhole’s native digital asset within its interoperability ecosystem that connects multiple blockchain networks.
Source: https://cryptobriefing.com/wormhole-strategic-reserve-w-token-value/