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Initia - Pre-Seed
Overview
Funding Date
October 12, 2023
Financing amount
--
Valuation
--
Category
About Initia - Pre-Seed
Binance Labs has invested in Initia, a Move Layer 1 Network on Cosmos with customizable Optimistic rollups for application developers to easily launch their own L2. The funds raised will be put toward supporting the development of Initia’s infrastructure and developer tools.
Investors
| Investors | Type | Location | Year Founded | #Portfolio Companies | Email Address | Socials |
|---|---|---|---|---|---|---|
| Fund | Malta | 2017 | 175 | -- |
Founders & Team
Stan Liu
Ezaan Mangalji
Company Profile / Project Introduction
Initia is a network for 0-to-1 omnichain rollups built by fusing a novel L1 with an interwoven application-specific L2 infrastructure system. The Initia Platform provides product ready rollups that enables teams to build scalable and sovereign systems while eliminating the UX complexities end users face when interacting with a modular multi-chain universe. Initia’s ownership of the full tech stack allows for a suite of chain-level mechanisms that align the economic interests across users, developers, L2 app chains, and the L1.