Syndicate has launched its mainnet and conducted its Token Generation Event (TGE) today, marking a significant milestone for the application chain infrastructure protocol. The token, SYND, is currently priced at $1.86, resulting in a fully diluted valuation (FDV) of $1.86 billion, based on a total supply of 1 billion tokens. Originally a decentralized investment platform, Syndicate completed a $20 million Series A funding round in 2021, led by venture capital firm a16z. The launch of the mainnet represents a pivotal step in Syndicate's evolution and expansion in the blockchain ecosystem.