According to BlockBeats, on September 28, Initia officially announced on social media that it had completed a $2.5 million community round of financing through the Echo platform, with a total of 812 community investors participating, and the financing was completed within 2 hours. The financing was conducted through a token purchase agreement, with a valuation of $250 million, a 28.57% discount from Initia's Series A financing (valued at $350 million).