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Initia raises $7.5M seed round to simplify blockchain development
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
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. Popular household blockchains like Ethereum and Bitcoin have captured most users’ attention, but app chains have emerged in recent times to provide developers with more freedom over customization, such as economic and governance structures. While there have been efforts like roll-ups that work to improve efficiency and scalability in blockchains by removing validator sets, the method can “exacerbate fragmentation and are rigid or inflexible for developers,” said Mangalji.
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