Hello everyone In this article, I would like to highlight a new interesting project that will not leave indifferent even a not very active user of blockchains. INITIA, let's take a closer look at the beauty and power of this project!
So let's start, of course, with the two main founders of the project, one of whom was at Terraform Labs Zen and StanLey. Later, former founders, staff engineers and researchers of the Cosmos and Ethereum ecosystems joined. To date, Initia has collaborated with numerous projects, including Binance Labs portfolio companies and leading mobile game publishers around the world.
Well, now in more detail, what is Initia- a modular L1 blockchain in the Cosmos ecosystem in the Move programming language. The project stands out from the competition with the ability to create 2 networks, called Minita, for specific needs, developed by third-party teams.
Now the fourth division of Manila-Control is being introduced, Inita is growing so rapidly that you can't keep up with their news, but imagine what will happen when the most exciting test network in the entire history of the ecosystem is launched. The next Minita is Contro, it implements the GLOBB system. It is a gradual set of limit orders in its comprehensive package to provide scalable and fair markets for any coin, result or opportunity.
For those who do not yet know what Initia allows:
Native stablecoin
Bridges between all networks running on Initia
Software transactions without
gas Abstraction of accounts
Ecosystem-wide asset interchangeability
On February 27, 2024, a round was held at which $ 7.50M was raised, investors included companies such as Delphi Digital, Nascent, Hack VC, Big Brain Holdings, a_capital, Figment Capital, and of course Binance Labs made the largest contribution (they did not disclose the amount).
The head of Binance Labs described this project as follows: "Binance Labs constantly identifies 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."
The funds raised will be used to develop the Initia infrastructure, expand product tools and implement key application-level projects to expand the Initia ecosystem.
On April 2, 2024, the @lunch_xyz mini-conference was presented, where Lunch is a Web3 implementation platform that combines a mobile application, an IRL payment system with online activities through a consumer–oriented activity center that operates on the basis of a combined package at @initiaFDN. Initially, Lunch will become a Web3 activity center, as well as a payment application – new offers such as RWAs will appear in the future.
April is the richest month of news from the Initia project, but the most anticipated event is, of course, the Testnet. To date, its progress is 93%, in order to become the very first users and participate in the promotion of the project, as well as to be eyewitnesses of all their new products, I suggest you join our team on the sites:
Currently, in Discord, you can participate in creating art, memes, writing content to promote the project, and even just chat with people who are already there. Every day something interesting and unusual happens there. And I can assign roles to the most active users. There is an opportunity- act, Initia is elastic, effective and eternal!
Discord