A group of former developers from Terra and Cosmos have successfully raised $7.5 million in a seed funding round for their new project, Initia. This rollup-focused blockchain, targeting a Q2 launch, aims to simplify blockchain development. The funding round was led by Delphi Digital and Hack VC, with additional support from notable angel investors including Cobie, Dcfgod, and SplitCapital. Initia's goal is to create a network for interwoven rollups, which are expected to play a crucial role in the modular future of blockchain technology.
ICYMI: Former Terra, Cosmos developers raise $7.5 million for rollup-focused blockchain Initia, targeting Q2 launch https://t.co/V3JoPnpalF
Initia raises $7.5M seed round to simplify blockchain development: https://t.co/WEPaJ6RBbu by TechCrunch #infosec #cybersecurity #technology #news
Initia raises $7.5M seed round to simplify blockchain development https://t.co/CVoCvks5bW
Interwoven rollups will bind together the modular future. Initia is proud to announce our $7.5m seed fundraise led by @Delphi_Digital and @hack_vc along with prominent angels @cobie, @dcfgod, and @SplitCapital to build a network for interwoven rollups. https://t.co/9RWxaqWbFu
EXCLUSIVE: Former Terra, Cosmos developers raise $7.5 million for rollup-focused blockchain Initia, targeting Q2 launch https://t.co/gcgt6FBT1l