Binance Labs successfully invested in Initia. Initia, the new darling of the L1+L2, two-layer blockchain track, will be launched on Binance!

Binance Labs successfully invested in Initia, a Move Layer 1 network on Cosmos with customizable optimistic rollups, allowing application developers to easily launch their own L2.

This investment highlights Binance Labs' commitment to supporting new infrastructure, thereby enabling more Web2 developers to participate in the Web3 field.