Initia: interwoven rollups ecosystem ahead of October mainnet
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TL;DR of Initia: a MoveVM-based Cosmos L1 acting as a liquidity and interoperability layer for IBC-enabled optimistic rollups (Minitias) built on the OPinit stack with Celestia DA. Positions it as a leading framework for Celestia-based execution layers.
Key claims
Initia raised a total of $22.5M
Minitias have sub-second block times and thousands of TPS
Initia L1 uses MoveVM and CometBFT with enshrined DEX and liquidity
Initia Mainnet is coming in October! 🪢
@InitiaFND has raised a total of $22.5M from backers including @theoryvc, @BinanceLabs, @Delphi_Ventures and @hack_vc, among others.
Are you ready for Omnitia, the ecosystem of interwoven rollups?
TL;DR ⤵️
➤ Ecosystem of interoperable, optimistic rollups built on the Initia L1, a MoveVM-based Cosmos chain using CometBFT consensus.
➤ The Initia L1 acts as a unification layer for liquidity, providing interoperability across rollups and shared security with enshrined DEX & liquidity.
➤ Minitias are IBC-enabled rollups built on the OPinit stack (VM-agnostic optimistic rollup framework by Initia), supporting sub-second block times and thousands of TPS at low cost with @CelestiaOrg underneath.
➤ The vision is to create a unified UX across 1000s of interwoven, app-specific rollups (Omnitia ecosystem), overcoming the limitations of monolithic blockchains and single VMs.
This could become the leading framework for @CelestiaOrg-based rollup execution layers.
DYOR anon, mainnet is imminent.
For the full picture, check out the deep dive by @RedactedRes below! 📚 ⤵️
@initiaFND @Theoryvc @BinanceLabs @Delphi_Ventures @hack_vc Linking back to @initiaFDN's raise announcement from yesterday here! ⤵️
x.com/initiaFDN/status/1838929323954200974
QUOTING @a1research__
Demystifying the VC Bets - WTF is Initia? 🪢 Yesterday, @InitiaFDN announced a $14M Series A, bringing total funds raised to $22M. Another major step towards making the vision of "Interwoven Rollups" a reality. What does that mean and why are VCs throwing millions of $$$ at th
Demystifying the VC Bets - WTF is Initia? 🪢 Yesterday, @InitiaFDN announced a $14M Series A, bringing total funds raised to $22M. Another major step towards making the vision of "Interwoven Rollups" a reality. What does that mean and why are VCs throwing millions of $$$ at th