Odaily News According to the official blog, Binance Labs announced its investment in Initia. The funds have not yet been disclosed. The funds raised will be used to support the development of Initia infrastructure and developer tools. It is reported that Initia is L1 on Cosmos and an application-specific L2 that utilizes optimistic rollup. Through Initias architecture, including L1, L2 and communication layers, developers can easily launch application-specific blockchains based on Initia L2 without having to understand complex chain-level infrastructure or run a validator set.