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The decentralized cloud storage platform Sia plans to release the v1.5.4 hard fork version on February 3, providing financial subsidies for the Sia Foundation

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Sia will also be hiring more staff, especially developers.

Rhythm BlockBeats news, on January 13, the decentralized storage platform Sia announced the release of v1.5.4 (including the Foundation hard fork code). The release of the new version means that Sia plans to carry out a hard fork at block height 298,00 (that is, around 0:00 on February 3). After the hard fork, subsidy funds will be distributed to the Sia Foundation. The Sia Foundation is a new non-profit entity responsible for supporting, growing and promoting the Sia Network.

In addition to the ongoing block subsidy, the hard fork includes an initial subsidy of approximately 1.57 GS. Therefore, Sia's first order of business after the hard fork will be to confirm receipt of these funds in the multisig wallet and start distributing them according to the foundation's budget. For example, a considerable amount of SC needs to be converted to USD to cover salaries, benefits, fees, equipment, and other start-up costs. Sia will also begin the process of acquiring key intellectual property, such as Sia trademarks and Sia technology domain names, and the rest of the funds will be stored in cold wallets.

The foundation will have enough money to operate after this is done, but manpower is still needed to keep it going. As a result, Sia will also be hiring more staff, especially developers.