On April 17th, COINOTAG reported insights from Zon, co-founder of Initia, a prominent Layer 1 Rollup network. In a recent social media announcement, Zon revealed that Binance Labs, now operating as YZi Labs, emerged as their inaugural and largest investor at the outset of 2023. At this pivotal moment, Initia had merely a vision and a minimal viable product (MVP), highlighting the foresight of Binance Labs in recognizing the potential of the team behind the project. This early investment has been crucial for Initia’s development trajectory. As of today, Initia’s token (INIT) is officially listed on Binance Launchpool, marking a significant milestone for the network. This launch not only solidifies Initia’s standing in the blockchain space but also reflects the growing interest in Layer 1 solutions, as investors seek to capitalize on innovative projects within the cryptocurrency ecosystem.
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