The Starknet Foundation, established in 2022, is the independent entity supporting the Starknet project. Starknet is a permissionless, decentralized validity rollup - a Layer 2 scaling network built on top of Ethereum. The foundation's role is to foster research, development, and the extension of the Starknet ecosystem, while promoting adoption and facilitating community participation in the project's governance.
Operating in the blockchain and cryptocurrency sector, the foundation is active in the domains of Layer 2 scaling, validity rollups, and Ethereum. Its work underpins the infrastructure for decentralized applications by providing a scalable execution layer that leverages zero-knowledge proofs for transaction validation. The organisation is structured as an independent community body rather than a traditional corporate entity.
Key areas of focus for the Starknet Foundation include advancing the technical development of the Starknet protocol, supporting the broader developer and user community, and guiding the decentralisation of the network's governance. The foundation does not directly develop products but instead channels its efforts into enabling an open ecosystem built around the Starknet rollup.
