Quick take:
- The fundraising also attracted Big Brain Holdings, Nascent, Figment Capital, and a-capital’s participation.
- Cobie, DCF GOD, Zaheer, Nick White and Smokey were among those who joined as angel investors.
- Initia’s product stack allows developers to integrate their projects through a network of interwoven rollups with multiple chains.
Modular blockchain infrastructure layer Initia has completed a $7.5 million seed round co-led by Delphi Digital and Hack VC. The fundraising also attracted Big Brain Holdings, Nascent, Figment Capital, and A-Capital’s participation, with Cobie, DCF GOD, Zaheer, Nick White and Smokey among those who joined as angel investors.
The Binance-backed L1 orchestration layer offers a multi-chain architecture coordinating on-chain security, liquidity, routing, and interoperability throughout a network of interwoven rollups.
According to the announcement, interwoven rollups, dubbed ‘Minitias’, in EVM, MoveVM, or WasmVM “are able to vertically integrate their chains with the CosmosSDK underneath and are fully equipped with every out-of-the-box feature one could dream of,” the company wrote in a post on X.
The company wants to bring harmony to the disjointed unique systems created by hundreds of chains and tens of bridges of various execution frameworks. “As the modular expansion grows, this problem exponentially gets worse,” Initia said. Initia has developed an end-to-end technology stack that completely “revamps and unifies the system.”
The company believes its technology will help eliminate barriers to entry for both users and liquidity while also providing a unified user experience to seamlessly navigate thousands of interwoven rollups.
Initia also announced the launch of the Initia Vested Interest Program (VIP), a native framework that will be used to distribute INIT (the company’s native token) rewards and align the interests of users, developers, and L2s.
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