Odaily Planet Daily News: Rollup interoperability protocol Initia announced that its mainnet release code has been officially frozen and is currently undergoing a security audit.
Earlier in September, Initia announced the completion of a $14 million Series A financing round, led by Theory Ventures, with participation from Delphi Ventures, Hack VC, and angel investors such as Bryan Pellegrino, NoSleepJon, Jordi Alexander, Zaki Manion, Keone Hon, 0x Cygaar, Guy Young, Icebergy, Chainyoda, and Michael Egorov. After completing this round of financing, Initia's total financing amount reached $22.5 million, including seed round investments from Delphi Ventures and HackVC and pre-seed round investments from Binance Labs.
It is reported that Initia is an Interwoven Rollup network, which plans to build a multi-chain system based on Initia L1 and various Interwoven L2s, covering various aspects such as architecture, products and economy.