The Obyte Foundation, established in Liechtenstein on 20 March 2019, is the formal legal entity behind Obyte.
The sole purpose of the Foundation is to foster the development and adoption of the Obyte DLT protocol and platform. Furthermore, it will work to promote any subsequent technologies directly or indirectly linked to Obyte’s DLT for research, promotion of science and the general public interest. Any contributions and benefits received by the Foundation are to be reinvested in the aforementioned areas.
This is a key step in Obyte’s evolution. We now have the legal framework required to plan for the future and build long-term relationships with partners in both crypto and business sectors.