Archbrymo
@archbrymo
Initia L1 and Its Interwoven Rollups Initia L1 Initia is a Layer 1 blockchain network built using the Cosmos SDK, designed to enhance scalability and interoperability within the blockchain ecosystem. It streamlines the creation and deployment of application-specific blockchains, known as app chains, by offering a robust infrastructure that integrates both Layer 1 and Layer 2 solutions. Summarised features Initia's architecture consists of a robust Layer 1 base chain complemented by modular Layer 2 rollups. This design enhances transaction throughput, enabling developers to build sovereign app chains without requiring deep expertise in blockchain infrastructure.I call this the “Pumpfun of chains”. While the network's interop layer ensures seamless communication between the base chain and various Interwoven rollups, facilitating smooth value and data transfers across different blockchain networks.
0 reply
0 recast
0 reaction
Archbrymo
@archbrymo
The Interwoven Roll ups (Part 1) MilkyWay This is one of the earliest roll ups on Initia. Built for Liquid Staking in the Celestia Ecosystem. MilkyWay provides a liquid staking solution for the Celestia ecosystem, initially launching on Osmosis. By staking TIA tokens with MilkyWay, users receive milkTIA, a tokenized representation of their staked assets. This mechanism enhances liquidity for Celestia token holders, allowing them to trade or use their staked assets as collateral in DeFi applications while continuing to earn staking rewards. Amount Raised: $1.00M from Polychain Capital, YZi Labs (Prevoius BinanceLabs)
0 reply
0 recast
0 reaction