Deep Tide TechFlow News, on December 11, the Interchain Foundation (ICF) announced the acquisition of the important development team Skip in the Cosmos ecosystem. After the acquisition is completed, Skip will be renamed Interchain Inc., becoming a major subsidiary of ICF, led by Skip co-founders Barry Plunkett and Maghnus Mareneck, responsible for the products, vision, and market strategy of Cosmos.

At the same time, ICF co-founder Ethan Buchman will step down from the board, continuing to contribute as a co-founder of the ecosystem. ICF will maintain its status as a Swiss foundation and plans to expand its board members.