A group of developers working on a Layer 1 network Initia transitioned from stealth mode today, securing a pre-seed investment from Binance Labs, the venture capital and incubation arm of the crypto exchange Binance.
With the newly raised capital, the development team behind Initia aims to enable developers to build Layer 2 scaling solutions that are interconnected with each other. The team did not disclose the investment amount from Binance Labs.
Initia will operate as a Layer 1 and host scalable application-specific Layer 2s developed using optimistic rollup technology. The Layer 1 Initia will also facilitate cross-chain interactions between these rollups.
“We are thrilled to have Binance Labs as an early partner to accelerate the growth of Initia’s highly performant hub and bespoke blockchain platform. In collaboration with Binance Labs, Initia aims to underpin an interconnected ecosystem of applications while simultaneously aligning the economic interests of all L1/2 users and operators,” said Stan Liu, a core contributor to Initia.
Initia will use the Move programming language
Although it is developed with the Cosmos software development kit (SDK), Initia will leverage a computing framework named MoveVM, based on the Move smart contracting language. The Move language isn’t exclusive to Initia. Other Layer 1 chains, including Aptos and Sui, have also adopted it.
The project remains in the development phase on a testnet. Initia developers said they have planned partnerships with other notable crypto projects, including Binance Labs portfolio companies and game publishers that will be revealed in the coming months.
cost of generic clomid without insurance can you buy clomid prices rx clomiphene where can i buy clomiphene without dr prescription clomid for sale australia can i buy generic clomiphene no prescription can i buy generic clomid pill
With thanks. Loads of expertise!
More articles like this would make the blogosphere richer.
buy generic zithromax – ciprofloxacin 500 mg sale oral flagyl 400mg
buy motilium 10mg for sale – buy cyclobenzaprine 15mg pills order cyclobenzaprine for sale
buy esomeprazole 40mg capsules – anexamate.com order nexium 20mg capsules
coumadin cheap – anticoagulant buy cozaar online cheap
mobic 15mg brand – mobo sin where to buy mobic without a prescription
prednisone buy online – https://apreplson.com/ buy prednisone without a prescription
over the counter ed pills – fast ed to take ed pills cheap
how to buy amoxil – https://combamoxi.com/ amoxicillin over the counter
Thanks towards putting this up. It’s well done.
More articles like this would frame the blogosphere richer.
order fluconazole pills – https://gpdifluca.com/# purchase diflucan
cenforce order online – https://cenforcers.com/ buy cenforce 100mg online cheap
difference between tadalafil and sildenafil – https://ciltadgn.com/# cialis drug interactions
cialis 5mg cost per pill – https://strongtadafl.com/ generic cialis 5mg
ranitidine medication – https://aranitidine.com/# zantac 150mg pill
sildenafil citrate greenstone 100 mg – https://strongvpls.com/ buy real viagra online
More posts like this would force the blogosphere more useful. on this site
I couldn’t hold back commenting. Adequately written! order gabapentin 600mg
This website really has all of the low-down and facts I needed about this thesis and didn’t positive who to ask. https://ursxdol.com/furosemide-diuretic/
The thoroughness in this draft is noteworthy. https://prohnrg.com/product/atenolol-50-mg-online/
With thanks. Loads of conception! https://aranitidine.com/fr/acheter-cenforce/
The vividness in this tune is exceptional.
https://doxycyclinege.com/pro/esomeprazole/
More posts like this would force the blogosphere more useful. http://wightsupport.com/forum/member.php?action=profile&uid=21397
buy forxiga generic – https://janozin.com/# buy generic dapagliflozin online
buy xenical tablets – order orlistat online buy generic xenical over the counter
This is the kind of scribble literary works I positively appreciate. http://www.predictive-datascience.com/forum/member.php?action=profile&uid=46069