đŁProject Introduction:
Initia - a full-chain#Rollupnetwork, built by fusing L1 with application-specific L2 infrastructure systems. In simple terms, it provides a complete technology stack from#layer1to infrastructure #layer2, using MoveVM, which is natively compatible with the Cosmos IBC protocol. Core team members include Zon and Stan Liu from LUNA.
In simple terms,#Initiawants to build an Apple-like ecosystem in the blockchain field, solving the fragmented processes of multi-chain systems through the integration of technology stacks. For example, in the Apple system, each program can use various frameworks to build their applications (such as QQ WeChat Alipay Taobao), but these programs can also access the same native functions: ApplePay, FaceID, cross-APP communication, Initia imitates this through modular network products and inherent functions.
đŁ Financing background:
On February 27, 24, Layer 1 blockchain Initia completed a financing of US$7.5 million. This round of financing was jointly led by Delphi Ventures and Hack VC, and participated by Nascent, Figment Capital, Big Brain and http://A.Capital.
Angel investors include pseudonymous crypto trader Cobie, DCF God, Split Capital co-founder Zaheer Ebtikar, Fiskantes, WSB Mod, Celestia COO.
On October 12, 2023, Initia's early partnership with Binance Labs and seed round financing were confirmed. The specific amount was not disclosed.#BinanceLabs also officially announced this news.
đŁTechnical highlights:
#Initia's core technical architecture includes#Layer1 blockchain and the VM-independent Optimistic Rollup framework (OPinit Stack). The architecture aims to provide a seamless modular network system by coordinating security, liquidity, routing, and interoperability.
#OPinit Stack features fraud proofs and rollbacks, enabling CosmosSDK-based#Rollupsin #EVM, MoveVM, or WasmVM to scale securely.
âŸOptimistic Rollup: Use Optimistic Rollup instead of sovereign Rollup to reduce fragmentation and enhance interoperability.
âŸEnshrined Liquidity: Enhances security and liquidity by building a liquidity center into the L1 chain and supports token exchange between L2.
âŸShared infrastructure layer: provides core infrastructure such as indexers, oracles, block browsers, interoperability, etc., to support developers to seamlessly launch new Rollups.
đŁProduct features:
Initia provides a complete stack of technology and user products to simplify the user and developer experience, including:
âȘInitiaScan: Seamless multi-chain explorer system with VM specific tools and information.
âȘWallet Widget: EVM and Cosmos wallet signing via in-app social login.
âȘBridget: Front-end bridge/entrance, directly aggregated into summary.
âȘInitia Apps: Home for all things Initia.
âȘInitia Username: Omnitia on-chain identity.
âȘInitia Wallet: A wallet built specifically for browsing Omnitia.
đŁToken Economics: Undisclosed
đŁOpportunities to participate:
#Initia was officially launched on the public testnet on May 14th. The activity lasts for 8 weeks. Users can currently download wallets, collect water, pledge, follow social media and other interactive operations. After completing the task, NFTs can also be collected. Collect NFT cards, merge them and get an on-chain pet. Feed the pet by spending Initia XP to continuously evolve. Note that it can only be fed once a week. It mainly interacts with the following 6 ecological projects for test tasks:
âŸ#Blakwing: A modular blockchain focused on enabling liquidation-free leveraged trading of long-tail assets via Limitless Pools, has raised $4.5 million in seed funding.
#LunchApp: Aims to be the central hub for Web3 activity within and outside the Initia ecosystem.
⟠#Tucana: An intent-centric liquidity layer, DEX, and L2 perpetual contract chain optimized for traders, unifying trading across modular networks.
âŸ#MilkyWay: Developing a modular chain to secure the ecosystem and developing the first LST for Celestia.
âŸ#Contro: As a market maker, Contro solves the problems of low liquidity and high fees.
âŸ#Civitia: is a fully on-chain gamified social experiment where users can acquire land, earn income, and compete for global domination.
đU9 Rating: â â â â â°
Initia provides a complete set of technology and user product stacks, which can provide a very good experience for both developers and users. It is not a simple splicing of L1 or L2 projects, but a combination of various clever links. It can be understood as a modular Rollup network that adapts to the entire chain, and each Rollup can be interoperable, accessible and interoperable. Luxurious investment background + innovative narrative + test network interaction, expected airdrop + zero cost, estimated potential airdrop, worth participating, and a 4.5-star rating.
