Layer 1 network Initia completed US$7.5 million in financing, led by Delphi Ventures and others
Layer 1 blockchain Initia completed a $7.5 million financing round, led by Delphi Ventures and Hack VC, with participation from Nascent, Figment Capital, Big Brain, and A.Capital. Angel investors include anonymous crypto trader Cobie, DCF God, Split Capital co-founder Zaheer Ebtikar, Fiskantes, WSB Mod, and Celestia COO. Initia is currently operating on a closed testnet. Some projects have already built DeFi applications on the testnet and plan to go live once the incentive testnet launches in early April. Once any issues are resolved, the project will launch its mainnet, with a preliminary plan to launch in the second quarter. As previously reported by BlockBeats, on October 12, 2023, the developers of Layer 1 network Initia announced today that they have received pre-seed investment from Binance Labs, with specific financing amounts and more details yet to be disclosed.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Best Coins to Buy Today: Qubetics Continues to Rise as Solana Hits New All-Time High, whereas Ripple Smashes 3-Year High
Cardano Unveils Updated Constitution as ADA Price Rises 12%
Crypto Market Alert: Altcoins Could Face 20-30% Declines Before Year-End
Explosive Crypto Day Trading Strategies: Unveiling Today’s Most Lucrative Digital Assets