Initia Introduction
Initia builds a full-chain rollup network from 0 to 1 by combining novel L1 with interconnected application-specific L2 infrastructure systems. The Initia platform provides product-ready rollups to help teams build easily scalable and independent systems, while simplifying the user experience faced by end users when interacting with the modular multi-chain world. Initia has a complete technology stack that establishes a complete set of chain-level mechanisms to coordinate economic interests between users, developers, L2 application chains, and L1 application chains.
As the cost of launching a chain decreases, there are more and more Layer1 and Layer2 on the market. Regardless of whether you think a new chain is useful or not, it is undeniable that there will be more projects in the market that will launch their own chains due to specific needs.
Just as there are more and more DEXs, there will be projects that build a “DeFi liquidity layer”;
And when there are more and more chains, is there any way to link all the chains together?
Initia, which we will talk about today, is designed to solve this problem.
Is Initia Layer 1 or Layer 2?
Initia = Layer1 + Layer2. In order to complete the concept of Initia, Initia actually built the entire new technology stack from 0-1, developing both Layer 1 and Layer2.
Official statement: Having a complete technology stack will enable Initia to implement chain-level mechanisms to coordinate the economic interests of users, developers, layer 2 application chains, and the layer 1 chain itself.
In early October 24, Initia announced the completion of a $14 million Series A round and a $2.5 million community round, bringing the total financing to $25 million. This includes a $7.5 million Seed round of financing in October last year, which was participated in by Binance Labs, Delphi Ventures, HackVC, etc. The official also revealed that the mainnet launch and TGE will be completed in Q4.
Yi He, co-founder of Binance and head of Binance Labs, commented: “Binance Labs continuously identifies infrastructure providers that introduce novel solutions to accelerate the growth of Web3 applications. Initia’s innovative architecture and tooling is an important step in driving widespread adoption by a new wave of developers.”
On October 12, Layer 1 blockchain Initia announced that it had received investment from Binance Labs
Developers working on the Layer 1 network Initia announced today that they have received a pre-seed round of investment from Binance Labs. The specific amount of financing and further details have not been disclosed.
Initia is reportedly developed using the Cosmos software development kit (SDK), but it will utilize a computing framework called MoveVM based on the Move smart contract language.
Summary: Initia is expected to be launched in October or November this year. So is this project worth investing in? I have the following opinions.
1. First of all, there are more and more Layer1 and Layer2 chains on the market, just like the construction of a city, which requires the laying of many roads. Initia is like the traffic lights on the road, which is used to solve more and more problems of the chain and improve the quality of user experience. This is equivalent to an indispensable tool on the road.
2. Initia has gained the favor of many investment institutions, the most important of which is the investment from the leading exchange Binance, which has further increased the popularity of Initia. Currently, many friends in the market are subscribing in advance.
3. It is expected to be launched on Binance Exchange in October-November this year. This is undoubtedly the most important news. I believe that it will rise once it is launched.
Therefore, I personally recommend initia.
Project subscription information
Project name: initia (bone chain)
Total Tokens: 1 billion
First exchange: Binance
Launch time: November-December 2024
Release mechanism: Lock 1 Release 12
Total investor allocation: 15%
Current progress: Mainnet is 70% complete
Subscription price: btc6011
I am Brother Lei, codenamed Wenjian! I have been focusing on the cryptocurrency industry for seven years. I conduct in-depth research on primary projects and secondary markets. I am here to protect your investment in the cryptocurrency industry!
