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Initia, founded by former Terraform Labs core members Zon and Stan Liu, aims to revolutionize the multi-chain experience of blockchain through its unique multi-chain Rollups network. The project strives to create a unified and efficient ecosystem by integrating technical architecture, economic mechanisms, and product stacks.

1. Technical Architecture: Collaboration between Layer 1 and Layer 2

Initia introduces a foundational Layer 1 blockchain and integrates a custom Layer 2 infrastructure called Omnitia, facilitating a unified ecosystem of modular networks.

Layer 1 is built on the Cosmos SDK, uses CometBFT for consensus, and integrates Move VM for smart contracts, which serves as an orchestration layer that coordinates security, liquidity, routing, and interoperability.

Because Layer 1 integrates Move VM, it focuses more on security and interoperability.

initia (Layer 2) supports multiple VMs, including MoveVM, WasmVM, and EVM, as well as various local functions such as benefit plans, token rebates, and Omnitia message modules, providing diverse local functions.

2. Initia’s Economic Mechanism

Initia has launched the VIP (Vested Interest Program) mechanism to achieve economic connection. The goal of VIP is to make $INIT the base currency of the Initia ecosystem and a key component of all L2s.

Through this mechanism, $INIT is used as an economic link between Initia and Minitia, and the use scenarios of $INIT are continuously expanded. The VIP process can be divided into three main steps: allocation, distribution, and unlocking.

3. Financing Overview: Strong Financial Background

Initia announced on February 27 this year that it had completed a $7.5 million financing round, led by Delphi Ventures and Hack VC, with participation from Nascent, Figment Capital, and angel investors including anonymous cryptocurrency trader Cobie, DCF God, Split Capital co-founder Zaheer Ebtikar, Fiskantes and WSB Mod, and Celestia COO Nick White.

5. Initia’s Market Influence

Initia is expected to occupy an important position in the blockchain ecosystem through its innovative architecture of modular Rollup integrated Layer 1 and a powerful technology stack.

Its unique Enshrined Liquidity mechanism and shared infrastructure layer provide a seamless and efficient experience for developers and users.

With the launch of the testnet and the mainnet, Initia is expected to attract more developers and users and promote the development of the entire ecosystem.