Initia, a Layer-1 blockchain network, has raised $14 million in a Series A funding round led by Shima Capital. The funding round included participation from Delphi Ventures and HashKey. The company plans to use the funds to launch its mainnet and token in the coming months. Layer-1 blockchains are the foundation of the cryptocurrency ecosystem, providing the security and scalability needed for decentralized applications. Initia is a new Layer-1 blockchain that is designed to be fast, scalable, and secure. The company's mainnet is expected to launch in the next two months, and its token will be used to pay for transaction fees and to reward validators. Initia is one of a number of Layer-1 blockchains that are being developed to address the limitations of existing blockchain networks. These new blockchains are designed to be more scalable, secure, and efficient, and they could potentially revolutionize the cryptocurrency ecosystem.
