Whats Initia?

@initiaFDN is a network designed for highly interconnected modular rollups, aimed at revolutionizing the way developers and users interact with blockchain technology. The platform has been built to provide a unified ecosystem of application-specific blockchains, leveraging Celestia to scale securely. This approach enables developers to easily launch their own application-specific blockchains as Initia L2s without needing in-depth knowledge of complex blockchain infrastructure. Initia has raised $7.5 million in a seed round led by Delphi Ventures and HackVC, with participation from Nascent, Figment Capital, A.Capital, and BigBrain Holdings, among others, to support the development of its infrastructure, product tools, and incubation of key application layer projects. The platform is built on Cosmos (ATOM) as a Layer 1 (L1) network, combining application-specific Layer 2s (L2s) using Optimistic Rollups. Binance Labs has invested in Initia, signaling a commitment to a forward-thinking infrastructure that enables Web2 developers to easily transition to Web3.