Polkadot, the team behind the blockchain protocol has announced about its experimental network called as Kusama. It is an early, unaudited and unrefined release of Polkadot which will serve as a proving ground for developers to build and deploy a parachain. It will test Polkadot’s functionalities in a real environment.

Kusama will stay as long as the community wants it to stay. The project is highly experimental unlocking new, high-risk functionality and projects. The experimental network will have its own native token called KSM. Those who purchased DOTs will obtain an equal share of the Kusama network. For those who do not own the token, the Web3 Foundation will provide the tokens from its own holdings. Web3 Foundation is the administrative arm of Polkadot.

Most recently, the Web3 Foundation closed a private sale of tokens to further fund Polkadot’s development. The project claims a $1.2 billion valuation. However, the foundation did not disclose the recent sale’s proceeds, and it is not clear whether the full $60 million sought was raised.