Initial on cosmos backed by Binance

Projects
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Binance Labs has invested in Initia, a Layer 1 Network for 0-to-1 Rollups

2023-10-12

Key takeaways:

  • 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.
  • This investment emphasizes Binance Labs’ commitment to supporting novel infrastructure that will enable more Web2 developers to interact within the Web3 space.
  • The funds raised will be put toward supporting the development of Initia’s infrastructure and developer tools.
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Binance backing up most project doesn’t mean it will go well, do a deep research on the project, most of them are just using binance to boost there followers and looking for attention

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Nice piece bruh

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Tottaly agree with you! but, at least all projects we are sure that it will be listed on their exchange … so it already good enough to get some profits there :heart_eyes:

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nice info thx

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Well well lets see what it got to offer

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Let’s hope something good will come out of it sha

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Everything is now backed by Binance

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I am here to give legit info. The hype with Binance backed projects is that Binance would always want to make profit from their investment and they do the pumping.

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You’re right

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Thanks for the alpha broski, hoping to see more of it from you✌️