“Simplifying Blockchain Development: Initia Secures $7.5M in Seed Funding”
It’s hard to keep track of crypto’s technical development, but one thing hasn’t changed much: blockchain applications are notoriously hard to build.
This stems in part from their decentralized nature, resulting in a lack of uniform standards across different infrastructure pieces.
Initia, founded by a group of developers in their late 20s, is trying to bring more interoperability to multi-chain networks and simplify the process of creating app-specific blockchains, or app chains.
In layman’s speak, Initia is abstracting away app chains’ technical complexity, aiming to make them more friendly to both end users and app developers.
They paused the project after the FTX implosion and eventually changed tack to work on blockchain infrastructure.
