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Starknet launches Devonomics initiative to reward 10% of network fees to developers

Starknet Foundation and Layer-2 network StarkWare announced the Devonomics program, allocating 10% of network fees to developers.

The initiative aims to incentivise decentralised app builders and core infrastructure engineers through a transparent voting process.

The first distribution covers transaction fees accumulated since Starknet's launch until November 30, 2023, amounting to approximately 1,600 Ether or $3.58 million.

StarkWare co-founder Eli Ben-Sasson highlighted the program as an experiment in changing developers' approach to intellectual property and monetisation.