Blockstack PBC filed a notice with the United States Securities and Exchange Commission (SEC) on August 10 that explains how it plans to decentralize the network. The notice was accompanied by a blog post explaining the effort.

• Blockstack was the first to register with the SEC for its ICO, which in 2019 raised $23 million
• Blockstack will give 100 million STX tokens to the Stacks Foundation, a non-profit
• Tokens will go towards contributing to the ecosystem and blockchain
• The team is currently working to decentralize the network further