Vanar
VANRYAI native modular L1 blockchain
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About Vanar
In the past six months, Vanar's core move was migrating to Base and pivoting toward an AI organisation ecosystem. On July 28, the VANRY 1:1 migration began, with total supply increased from 2.4 billion to 10 billion; 62% was initially locked, and newly allocated tokens follow a 60-month linear release (). On August 3, Vanar Genesis launched, bringing the first batch of AI organisations online and establishing a 100 million VANRY reward pool (). The official swap window ran from August 11 to September 10, 13:00 UTC, supporting Ethereum, VanarChain and Polygon as source chains, with Base as the only destination; after September 10, old contracts are decommissioned and late migration is unavailable (). Validator staking was shut down, requiring unstaking before migration (). Future focus: building AI Organisations, Foundry, Genesis, USDC settlement, marketplace activity and the on-chain economy around Orgs on Base infrastructure (). VANRY's positioning shifted to coordinating and incentivising the AI organisation ecosystem, with a five-year unlock schedule to manage supply ().
Co-founders and core executives:
Jawad Ashraf (CEO): Co-founder of Vanar. Previously founded Virtua and served as its CEO. Over 20 years in tech leadership, specializing in blockchain, AR/VR, and business development.
Anis Chohan (CTO): Co-founder of Vanar. Former CTO of Virtua. Experienced in Web3 architecture, smart contracts, and full-stack development.
Ashish Vanar (COO): Co-founder of Vanar. Previously co-founded Lokr and led operations. Focused on ecosystem growth, partnerships, and tokenomics.