Initia raised $14 M in a Series A round on 2024-09-24.

Initia is a modular Blockchain ecosystem project aimed at simplifying the user experience of Web3 applications, providing multi-chain browsers, Wallet tools, cross-chain bridges, and other products. It addresses complexity and fragmentation issues through a layered architecture, and the Mainnet is expected to be launched in the third quarter of this year, promoting the development of the Web3 ecosystem.

$INIT is showing immense strength on the daily timeframe, perfectly validating a significant bullish reversal pattern! 📷 After forming a clear Double Bottom around $0.0050 - $0.0052 and decisively breaking above its neckline, $INIT has executed a textbook retest of its new Support Area. This validates strong underlying demand and sets the stage for a powerful rally towards $0.0060 - $0.0065 and eyeing $0.0070+! Building on solid foundations for a new growth phase. 📷 #INIT #Crypto #DoubleBottom #Retest #BullishReversal

Recently, the Crypto Assets market has shown a positive trend, with several projects experiencing a pump. In the Memecoin sector, BANANAS31 has stood out with a rise of 1.64%. Following closely is PENGU, which rose by 1.41%. At the same time, BONK, TST, and 1000CAT recorded rises of 0.69%, 0.61%, and 0.54%, respectively. These figures reflect the increasing activity in the Memecoin segment. Layer 1 projects also show strong momentum. INIT and G are neck and neck, both rising by 0.56%. INJ and ONG follow closely, both rising by 0.49%. CHR also performs well, rising by 0.43%. The rise of these Layer 1 projects may indicate the continued development of the underlying public chain ecosystem. The Layer2 track is also not to be outdone. EPIC leads with a rise of 0.55%. MANTA follows closely behind with an increase of 0.44%. CELO, IMX, and METIS also have varying degrees of rise, at 0.39%, 0.36%, and 0.36% respectively. The progress of Layer2 solutions may suggest that blockchain scaling technology is maturing. Although these rises are relatively moderate, they still reflect the market's ongoing attention to various Crypto Assets. Investors should closely monitor market trends while cautiously assessing risks. It is worth noting that there are currently no signs indicating that listed companies are significantly increasing their holdings of mainstream Crypto Assets such as Bitcoin. As the encryption market continues to evolve, the performance of various projects will remain a focus of widespread attention. Investors and industry observers might want to keep an eye on these trends to better grasp the pulse of the market.

Contract upgrades are an inevitable part of smart contract development, especially when it comes to fixing vulnerabilities and adding new features. This article explores the upgrade methods for Rust smart contracts, including direct deployment when the data structure is unchanged and migration methods when the data structure is modified. It also emphasizes the security considerations during contract upgrades to ensure the safety of the contract and user assets.

Initia: A new chapter of the Web3 full-chain Rollup ecosystem With the rise of modular public chains, the number of blockchain networks has seen explosive growth. Currently, there are 53 Layer 2 public chains in the market, and an additional 42 are under development. While these public chains designed for different scenarios can meet diverse needs, they also bring challenges such as system complexity and fragmentation. Against this backdrop, the modular project Initia launched by the Cosmos ecosystem has attracted widespread attention. Inspired by Apple's design philosophy, Initia transforms blockchain into a form that is as user-friendly and integrated as iPhone applications, providing users with an intuitive and interconnected blockchain application experience. Initia's product suite includes multi-chain browsers, wallet tools, cross-chain connectors, centralized application platforms, and on-chain identity systems, aimed at building a unified and user-friendly blockchain ecosystem.