Initia

Initia is a Layer 1 blockchain designed to interconnect various rollups using the Cosmos SDK.

It supports multiple VMs — EVM, MoveVM, and WasmVM — to enable customizable Optimistic rollups.
Founded by former Terra developers.

Backed by Binance, Delphi Digital, and Nascent.

An incentivized public testnet is active, with mainnet launching soon.
A confirmed 50 million INIT token airdrop, with 90% allocated to testnet users.