Deep Tide TechFlow News, on December 11th, the Interchain Foundation (ICF) announced the acquisition of the important development team Skip from 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 Cosmos's products, vision, and market strategy.

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