Initia.xyz – GoDaddy customer – (Singapore)
Innovative developers use .xyz domains to build blockchain platforms and services. Blockchain platform N1.xyz supports high-throughput applications and financial use cases. Digital securities platform Axiology.xyz supports issuance, custody, trading, and settlement under an EU regulatory framework. Stripe-acquired payment platform Bridge.xyz, built by former Coinbase leaders, supports stablecoin payments. In this week’s #BlockchainThursday, we’ll introduce you to a Layer 1 blockchain and interwoven rollup system designed for a multichain future: Initia.xyz.
Initia.xyz is the online home of Initia, a blockchain project developing a Layer 1 network and a system of interwoven optimistic rollups. According to Initia’s documentation, the architecture is built around three components: the Initia L1 base layer, a network of Layer 2 rollups built on top of it, and the Interwoven Stack, a framework for building those rollups and applications. In February 2024, The Block reported that Initia raised $7.5M in a seed round co-led by venture capital firms Delphi Ventures and Hack VC, with participation from Nascent, Figment Capital, Big Brain, and A.Capital.1 In September 2024, The Block reported that Initia raised an additional $14M in a Series A round led by Theory Ventures, also with participation from Delphi Ventures and Hack VC, bringing Initia’s total funding to $22.5M and its fully diluted token valuation to $350M.2
The Interwoven Stack is central to how Initia positions itself within the blockchain space. As described in Initia’s documentation, the framework is designed to reduce decision fatigue for developers by providing built-in solutions for infrastructure components such as data availability, interoperability, and oracles. Rather than requiring development teams to source and configure these components independently, the Interwoven Stack includes them from the start. Layer 2 networks built on Initia, referred to as Minitias, can be customized with different virtual machines, gas tokens, and transaction ordering mechanisms, as noted in Initia’s documentation. A separate economic layer, described on Initia.xyz as the Vested Interest Program (VIP), is designed to reward users, builders, and liquidity contributors across the network. As reported by The Block, 12 projects were actively using the Interwoven Stack to build their own Layer 2 networks at the time of the Series A announcement, having collectively raised over $13M in funding.3
Initia is co-founded by Stanford Liu and Ezaan “Zon” Mangalji. As reported by The Block, both Stanford and Ezaan worked at Terraform Labs, the company behind the Cosmos-based Terra blockchain, before founding Initia. Stanford focused on MEV research there (a practice in which miners extract value by ordering transactions in particular ways), while Ezaan worked as a smart contract developer. According to Ezaan’s LinkedIn profile, Ezaan joined Initia Labs as co-founder in January 2023. The Block reported in February 2024 that prior to founding Initia, the two had begun building a separate Cosmos-based DeFi blockchain, but paused that effort and returned funds to investors following the collapse of the Terra/Luna ecosystem.4
The blockchain project has secured $22.5M in funding, assembled a founding team with roots in the Cosmos and Terra ecosystems, and attracted a growing network of Layer 2 projects building on its stack. The .xyz domain is a natural fit for a venture like Initia: generic by design, not tied to any single industry, and widely adopted across the deep tech and startup community. As Initia’s work spans Layer 1 infrastructure, Layer 2 networks, and an expanding developer ecosystem, Initia.xyz is a domain that can grow alongside it. We look forward to seeing how Initia continues to grow. You can learn more about Initia by following the project on X/Twitter and LinkedIn, joining the Discord, and visiting Initia.xyz.
1. https://www.theblock.co/post/279038/former-terra-developers-raise-7-5-million-for-rollup-focused-blockchain-initia-targeting-q2-launch
2. https://www.theblock.co/post/318102/initia-funding-token-valuation
3. https://www.theblock.co/post/318102/initia-funding-token-valuation
4. https://www.theblock.co/post/279038/former-terra-developers-raise-7-5-million-for-rollup-focused-blockchain-initia-targeting-q2-launch
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