The team has announced the official launch of Terra 2.0 as they activate Terra 2.0 Pheonix-1 mainnet by generating the first block on the blockchain network. The official announcement states, “Block 1 of the brand new Terra blockchain (with a chain_id of “Phoenix-1”) has officially been produced at 06:00 AM UTC on May 28th, 2022! Congratulations to the #LUNAtic community on this expeditious feat of collaboration.”