# Initia is a fast path to ecosystem development

By [geohookah](https://paragraph.com/@geohookah) · 2024-04-14

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In the modern world, there are many fast-growing projects that want to conquer the world of cryptocurrency. I would like to tell you about one very interesting project, which I think will become a leader in the shortest possible time.

Your attention is drawn to **_Initia_**, an L1 blockchain-based network in the Cosmos ecosystem for specific applications using Optimistic Rollups. Thanks to Initia, developers can easily launch a blockchain for specific applications without the need for knowledge of complex infrastructure or node deployment, which not every user can understand and apply, as well as launch sets of validators. The project stands out among competitors with the ability to create 2 networks called Minitia for specific needs of applications developed by third-party teams.

**_Initia provides developers with the following tools:_**

*   Native Stablecoin;
    
*   Bridges between all networks running on Initia;
    
*   Ecosystem-wide asset interchangeability;
    
*   Software transactions without gas;
    
*   Abstraction of accounts.
    

As can be seen from the above, this project has a very successful future, and now let's look at who founded this miracle.

Initia was founded by two main developers from Terraform Labs Zen and StanLey, later joined by the developers of Cosmos Hub and the Terra Station wallet. At this stage, the team consists of 20 people and is located in Singapore.

![](https://storage.googleapis.com/papyrus_images/bde470a6e268f1f87e01c447e02402c575dd961241327de243c51f3dc87dda87.png)

As for financing, on February 24, 2024, a round was held at which about $ 7.5 million was raised from Delphi Digital, Hack VC, cobie and dcfgot, SplitCapital, as well as an undisclosed amount from Binance Labs.

The head of Binance Labs said that they are constantly identifying infrastructure providers who present new solutions to accelerate the growth of Web3 applications. Initia's innovative architecture is a step forward towards widespread adoption among a new wave of developers.

**_In April 2024, it is planned to launch test net, and at this stage you can get roles in Discord, for this you need to try a little:_**

*   Hologram creators are artists who create original content and memes for Initia.
    
*   Isolation Navigators are active people who participate and show interest in participating in the Initia community on Discord and Twitter.
    
*   Eco-restorers are seekers of new places in their communities.
    

All these actions do not require financial expenses and there is a pleasant atmosphere in the #general chat, where they will prompt, inform and give directions for beginners.

**_We can get the following roles:_**

*   Eco-Reclaimers - for help and communication in regional chat rooms in Discord Initia. You can make reports from the AMA.
    
*   Holo Weavers - for creating content, memes and writing trends on Twitter.
    
*   Isolation Navigators - for contributions to the Initia community on Discord and twitter. It echoes the role of Holo Weavers.
    

**Join us at :**

🏡| Website ~ [https://initia.xyz/](https://initia.xyz/)

🔎| Discord ~ [https://discord.gg/initia](https://discord.gg/initia)

✍️| Twitter ~ [https://twitter.com/initiaFDN](https://twitter.com/initiaFDN)

📖 |[https://medium.com/@initiafdn](https://medium.com/@initiafdn)

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*Originally published on [geohookah](https://paragraph.com/@geohookah/initia-is-a-fast-path-to-ecosystem-development)*