Initia, a network designed for highly interconnected modular rollups, has come out of stealth mode with a significant pre-seed investment from Binance Labs, the venture capital and incubation arm of Binance. Initia’s platform, built on Cosmos (ATOM) as a Layer 1 (L1) network, combines application-specific Layer 2s (L2) using Optimistic rollups to give developers a better way to create scalable and autonomous multi-chain systems.... Read More: Initia Emerges from Stealth Mode with Pre-Seed Funding from Binance Labs
