#InitiaNetwork Initia Launches April 24th, Boosting Layer 2 Connectivity
Initia is a new Layer 1 blockchain built on the Cosmos ecosystem. Think of it as a flexible, multi-chain platform that makes it easy for developers to create their own blockchains (called appchains). It also allows users to move smoothly between these different chains. Designed with speed, cross-chain features, and developer tools, Initia is perfect for DeFi, NFTs, gaming, and more.
Why Initia Stands Out
2. Easier for Users:
With one-click cross-chain transfers, users can move assets and switch chains quickly, with lower fees and less hassle.
How Initia Fits in the Blockchain World
Market Position:
While it's not as big as Cosmos or Polkadot yet, Initia has raised $24 million and is valued at $250 million. It already supports 12 Layer 2 projects in areas like DeFi, NFTs, gaming, and enterprise solutions.
What Makes Initia Competitive
Initia solves problems like high costs, slow transactions, and complex multi-chain setups. Its liquidity sharing and reward system (VIP) help align interests between users, developers, and the platform. Because it works with both EVM and non-EVM chains, it’s flexible enough for any use case—from DeFi trading to NFTs and games.
Token Info
Token name: Initia (INIT)
Total supply: 1,000,000,000 INIT
Initial circulating supply: 148,750,000 INIT (14.88%)
Launchpool: 30,000,000 INIT (3% of total supply)
Funding Rounds
Oct 2023 (Pre-Seed): Backed by YZi Labs
Feb 2024 (Seed Round): $7.5M from Delphi Ventures, Hack VC, and others
Sep 2024 (Series A + Community Sale): $14M Series A + $2.5M public sale, led by Theory Ventures, Delphi Digital, and more
Summary
Initia is changing the game in the blockchain world by making chains easier to build, use, and connect. With strong funding, advanced tech, and growing developer interest, it’s a rising star in the modular, multi-chain space. If the mainnet and ecosystem grow as expected, Initia could become a key player in Web3’s future.