Initia
Cosmos
Rollups like Optimism and Arbitrum enhance Ethereum’s scalability by processing transactions off-chain and using Ethereum’s security, with initiatives like EIP-4844 making these solutions even more cost-effective.
Challenges within the Ethereum ecosystem include fragmentation of liquidity and inconsistent security measures among different rollups, necessitating innovative solutions for better interoperability and synchronization.
Initia, a Cosmos-based blockchain, aims to create an interconnected rollup ecosystem with unique economic, security, and liquidity features, distinguishing it from Ethereum with its enshrined sequencer and shared liquidity hub.
Initia’s future growth plans include the launch of its mainnet and the development of various DeFi, social, and NFT projects, potentially positioning it as a favorable option for launching rollups due to its user-centric and interconnected infrastructure.
Ethereum, one of the first smart contract blockchains, has served as the basecamp for primitive dapps in the crypto industry. Leading projects, such as Uniswap, MakerDAO, AAVE, EigenLayer, Ethena, and Curve Finance, have Ethereum as a home and have built the important primitives. Along with the NFT market, these DeFi primitives have been the main driver for the adoption of crypto, and have attracted new users to onchain.
Another notable innovation within Ethereum is rollups, which are paving the way for scalability through diverse execution environments and customizations. Projects like Arbitrum, OP-Mainnet, zkSync, Starknet, Mantle, and other rollups have expanded Ethereum's functionality and scalability by leveraging the Ethereum security. As the codebase got mature, some of the early rollups Optimism and Abtrium started to provide their codebase to allow others to launch their own customized rollups - OP-Stack and Arbitrum Orbit. Since then the number of rollups are increasing, according to l2beat, more than 100 rollups are set to be live soon.
Ethereum's path now involves various stakeholders, including validators, Ethereum researchers, DeFi dapps, and social dapps, making it undeniably the leading research and experimental hub in the overall blockchain ecosystem. While this is Ethereum's strength, some stakeholders, for example rollup developers, may find their voices less represented in the core infrastructure. This raises the question: what if Ethereum had been developed specifically for rollups? What might have been added and implemented?
This is where Initia, an L1 blockchain with its rollup ecosystem, comes in. Initia is developing primitives to make its own rollup ecosystem more economically aligned and allow rollups to leverage its settlement layer with features such as shared liquidity, shared security, shared interoperability, native oracle, multi-token staking (i.e USDC as staked asset and gas fee), etc. This interwoven nature between the settlement layer (Initia L1) and diverse rollups (Minitia L2), puts Initia to be the “Interwoven Network of Rollups.” Before diving into how Initia operates, and what lies ahead for Initia, let’s first look into what the Ethereum ecosystem is like for rollups.
When we think of Ethereum, rollup is an essential component that complements and scale the Ethereum ecosystem. As jingyi from Optimism said, “Rollup” has been the new form of a smart contract for Ethereum. As rollups have been one of the driving force of expanding Ethereum, its roadmap has also had implementation to make rollups be better operated. For example, EIP-4844, also known as Dank Sharding, has been implemented to provide a new data publishing storage, for cheaper operation of rollups.
Apart from this, lets see what kind of other developments were present in the past developments of Ethereum for rollups.
Ethereum envisions itself as the settlement layer for global coordination, supporting different applications and being accessible to all users. The necessity for this vision arose from high gas fees, highlighting the need for Ethereum to balance decentralization, security, and scalability. Ethereum is sometimes known to have a "rollup-centric roadmap" where rollups, not the Ethereum mainnet, will be responsible for scaling and handling most user transactions. However, to keep the neutrality of Ethereum, actually, not many developments for rollup are present in the Ethereum roadmaps.
Let’s look into what kind of EIP and developments in the Ethereum community are active for rollups.
1.1.1 EIP-4844 and Dank Sharding
A key development in Ethereum's "Surge Phase" was the implementation of proto-danksharding (EIP-4844) in the Dencun upgrade on March 13, 2024. This introduced "blob" transactions, reducing data storage costs for rollups and making their transactions cheaper.
To achieve its scaling target, Ethereum is implementing several technical improvements. These include data availability self-healing, which allows the network to recover missing data crucial for rollups, and PeerDAS, a data availability sampling network that improves Ethereum's DA scale while minimizing workload. Danksharding is another vital development, designed to make Ethereum transactions cheaper and faster by processing bundled transactions from layer two rollups without permanent data storage.
1.1.2 Based Rollup - Leveraging Ethereum Validators
Based rollups, also known as L1-sequenced rollups, are a Layer 2 scaling solution for Ethereum that rely on the Layer 1 blockchain for transaction sequencing. In this model, the next Ethereum L1 block proposer can include the next rollup block as part of the L1 block, collaborating with L1 searchers and builders. However, L2 builders handle block building, preventing increased workload for L1 validators.
The integration of based rollups with Ethereum L1 offers several advantages. They eliminate the need for a separate sequencer, simplifying the architecture and reducing costs associated with sequencer signature verifications. Additionally, they improve economic security by directing MEV to the L1. However, based rollups have limitations, such as limited MEV income and dependency on Ethereum's block time for transaction confirmations.
Taiko's Based Booster Rollup (BBR) demonstrates the practical implementation of this concept, utilizing Ethereum's L1 validators for sequencing.
1.1.3 Statelessness and State Expiry - Better Storage for Rollups
Statelessness and state expiry are two crucial concepts being developed to address Ethereum's storage challenges and improve scalability. Statelessness allows nodes to operate without storing full state data, instead relying on "block proposers" to include state data hashes in block headers. This enables most nodes to function with minimal storage requirements, verifying blocks by cross-referencing the hash against data stored by block proposers.
State expiry involves removing recently inactive state data from the active state. This approach divides the blockchain into time periods (e.g., one year) and allows nodes to prune old, inactive state data at the start of each new period. State expiry would reduce the amount of data nodes need to store to a more manageable size, estimated at around 20-50 GB.
These developments will benefit rollups by reducing the storage burden on nodes, making it easier and more cost-effective to run rollup infrastructure. As rollups rely on the base layer for data availability, implementing these technologies will enhance the efficiency of data storage and retrieval, further optimizing rollup operations.
The Ethereum rollup landscape is diverse and experimental, with projects exploring various proof systems and execution environments. As the technology matures, we can expect further advancements in more cheap, efficient, and decentralized proof systems.
Also another notable trend is on AltVM, the diverification in the execution enviornment. Let’s look into the current landscape of rollups on Etheruem, based on the four core layers and supplementary components like interoperability.
Source: L2Beat and Four Pillars
1.2.1 Execution Layer
The execution layer of a rollup is a critical component that processes transactions and updates the rollup's state, operating independently from the main Ethereum network. This layer acts as the engine of the rollup, receiving user transactions, bundling them into blocks, and executing them according to the rollup's specific virtual machine. While the Ethereum Virtual Machine (EVM) dominated the rollup landscape in 2023, we've seen a surge in experimentation with alternative execution environments. These include the Solana Virtual Machine (SVM), WebAssembly Virtual Machine (WasmVM), and Move Virtual Machine (MoveVM), each offering unique features and trade-offs.
1.2.2 Proof System
The proof system is the backbone of a rollup's security model, determining how state changes are validated and secured off the main Ethereum network. Different rollup types employ varying models to achieve this. Optimistic rollups, exemplified by projects like Arbitrum and Optimism, utilize an optimistic execution model. This approach assumes transactions are valid by default, only requiring proof of fraud in case of disputes. The optimistic model offers high throughput and maintains compatibility with Ethereum's established infrastructure, making it an attractive option for many developers.
In contrast, zkRollups, such as zkSync, Loopring, and StarkNet, leverage advanced cryptography in the form of zero-knowledge proofs. These proofs allow for off-chain transaction verification before submitting compressed proofs to the Ethereum mainnet. While ZK rollups offer enhanced scalability and privacy, they may face some limitations in terms of full compatibility, a challenge that ongoing research and development aim to address.
1.2.3 Data Availability Layer
The Data Availability layer of a rollup ensures that recent transaction batches are up-to-date and shared among participating nodes and the sequencer. This layer was traditionally stored as calldata in Ethereum. However, due to the high cost of calldata, alternative Data Availability providers have emerged to allow for cheaper operation. These include AvailDA, EigenDA, Celestia, EIP-4844 (Blobspace), and rollup framework-specific providers such as zkPorter for zkSync and Redstone for OP-Stack rollups.
The Data Availability (DA) layer plays a crucial role in ensuring the integrity and accessibility of rollup transactions. Traditionally, this data was stored as calldata on Ethereum, but the high costs associated with this method have spurred innovation in alternative solutions. New Data Availability providers have emerged, offering more cost-effective options for rollups. These include specialized platforms like AvailDA, EigenDA, and Celestia, as well as Ethereum blobspace. Additionally, some rollup frameworks have developed their own DA solutions, such as zkPorter for zkSync and Redstone for OP-Stack rollups. These advancements in DA are critical for reducing operational costs and improving the overall efficiency of rollup solutions.
1.2.4 Connectivity Layer
The connectivity layer forms the bridge between different rollups and between rollups and the base layer, facilitating asset movement and cross-chain interactions. Currently, this ecosystem relies heavily on third-party solutions to enable interoperability. Market makers, solvers, and independent liquidity pools within each rollup play vital roles in facilitating asset transfers. However, achieving seamless interoperability remains a significant challenge, as there are trust assumptions, and difficult to address problems when a revert occurs in other blochcain.
Looking ahead, the rollup ecosystem is exploring better solutions to enhance connectivity and reduce reliance on centralized components. Projects focusing on shared sequencers and proof aggregators are in early stages of development. These initiatives aim to create more efficient and trust-minimized connections between rollups and with the Ethereum mainnet. However, these solutions are still in their infancy and require extensive testing to ensure compatibility with existing rollup implementations and to meet the high standards of security and decentralization demanded by the Ethereum ecosystem.
1.3.1 Fragmentation of Liquidity and State
Rollups rely on dedicated sequencers and maintain their own state, making synchronization of execution and liquidity challenging. This leads to fragmentation among rollups. More secure and reliable methods of interconnectivity between rollups and Ethereum are needed. Currently, third-party projects like LayerZero for messaging and LiFi for liquidity aggregation through DEX and bridge aggregation address this issue.
1.3.2 Disparate Security Measures
Most current rollups are centralized, with a single sequencer handling transactions and generating proofs for state changes. Moreover, the varying proof systems between rollups prevent mutual trust, significantly hindering seamless interoperability.
1.3.3 Oracle Trust and Data Availability Concerns
The rollup ecosystem faces major challenges in data availability and oracle trust. The distribution of state across multiple data availability (DA) options complicates consistent and reliable information access. Each rollup must support specific oracle feeds and DA, and this data fragmentation—coupled with limited access to crucial financial tools—impedes the smooth operation and integration of rollups within the broader Ethereum ecosystem.
Initia L1's architecture is purpose-built for rollups. It's a Cosmos-based L1 blockchain powered by MoveVM, designed as a settlement layer for deploying and customizing interconnected rollups called Minitia L2s. Initia focuses on providing a secure and interconnected environment for these rollups. Each Minitia L2 can have its own economic structure, consensus mechanism, programming language, and application logic. Currently, Initia supports EVM, WasmVM, and MoveVM as execution environments for Minitia L2s. The combination of Initia L1 and Minitia L2s forms an interconnected ecosystem called Omnitia.
Source: Initia (Layer 1) | Initia Docs
Initia L1 acts as the orchestrator of security, liquidity, and interoperability for the ecosystem. Initia is also a Cosmos-SDK blockchain but has modification in terms of the economics and smart contract. Other than INIT token, which is the native token of Initia, USDC (when paired with INIT as enshrined liquidity and whitelisted) can be used to secure the blockchain, and can be used for a gas token.
Also, the economic programs like VIP and kickback make the incentive aligned within the overall ecosystem. Another unique feature of Initia is the that utilize MoveVM for the smart contract functionality. This is done to make the L1 chain secure, since move has a formal verification within the language and other security measure to make the smart contract secure. It is also the first Cosmos blockchain to support MoveVM.
2.1.1 Omnitia Liquidity Hub
One of the unique features of Initia's L1 architecture is the Omnitia Liquidity Hub, which is enabled by a system called Enshrined Liquidity. This built-in DEX operates in a manner similar to platforms like Balancer, supporting weighted and stableswap pools. It facilitates the trading and yield generation of the native INIT token paired with other whitelisted tokens, such as INIT-USDC and INIT-stETH, without being confined to strict 50-50 ratio requirements.
This setup fortifies the liquidity base on L1, enabling dynamic usage of assets that would typically be locked in staking, thus enhancing both trading and staking yields. Moreover, the Minitia Router feature allows for seamless token movement across different Minitias, promoting liquidity sharing within the ecosystem.
2.1.2 Minitswap
Minitswap is a DEX that speeds up token withdrawals from Minitia L2 to Initia L1 networks in the Omnitia ecosystem. Initia is made up of connected rollups, called Minitias, which usually have a 7-day waiting period for withdrawals. Minitswap uses the IBC protocol to bypass this delay, allowing instant transfers without compromising security. It works as a virtual omni-pool DEX, linking the INIT token with various IbcOpINIT tokens. This setup prevents liquidity fragmentation by using one large INIT pool for all swaps.
To ensure safe and efficient value transfers, Minitswap employs several mechanisms. These include rate-limiting to protect the pool from draining, Peg Keeper Swaps to maintain good exchange rates, and internal rebalancing for liquidity. As a result, withdrawal times are cut from days to seconds, improving user experience and reducing cross-chain swap risks. Minitswap's design not only accelerates token transfers but also keeps the Initia ecosystem interoperable, making it a key part of its multi-chain structure.
Source: Minitia (Layer 2) | Initia Docs
Minitias are what Initia calls its Layer 2s, which is built with Minita Framework, that is built with a custom VM thath supports MoveVM, EVM, and Wasm VM.
2.2.1 Minitia L2 Framework - OPinit Stack
The OPinit Stack is a framework for constructing Minitia L2s using an Optimistic Rollup form of the OP-Stack's Bedrock specification. It features an Inter-Blockchain Communication (IBC) protocol for token transfers and message passing between L2 and L1. Built on Cosmos-SDK, the OPinit Stack enables seamless communication across different VMs and token standards.
Two critical Cosmos modules form the core of the OPinit Stack: OPHost and OPChild. OPHost serves as the stack's foundation, facilitating the creation and management of an OP Bridge for cross-layer transactions. It integrates Initia's L1 governance model, allowing modifications to roles like operators and challengers through governance proposals. OPHost maintains L2 transaction batches as transaction indexes, ensuring efficient data logging and retrieval similar to Ethereum's calldata mechanism. The OPChild module complements OPHost by addressing specific L2 operational needs, such as validator oversight and token transfers.
2.2.2 CosmosSDK and Interoperability
CosmosSDK forms the foundation of every Layer 2 (L2) on Initia. This versatile framework enables the creation of unique blockchains like Osmosis, Berachain, Celestia, Injective, and Sei. By implementing a full CosmosSDK chain as a rollup, Minitias gain significant customization options, including modifying chain operations, altering transaction processing and ordering, and enabling multiple gas types.
Each Minitia also comes with built-in support for Inter-Blockchain Communication (IBC). IBC acts as the standard messaging layer among CosmosSDK chains, facilitating token bridging and cross-rollup contract interactions.
2.2.3 Decentralized Sequencers
Initia's MiniMint sequencer incorporates the CometBFT consensus mechanism (formerly known as Tendermint). This feature allows Minitias to operate multiple sequencer nodes by default, thereby reducing centralization risk.
2.2.4 MultiVM
Initia offers L2s a choice between three integrated Virtual Machines (VMs) on the Minitia Stack: Initia's MoveVM, Initia's EVM, and WasmVM (the standard VM on Cosmos). Both MoveVM and EVM are new implementations on the CosmosSDK, specifically designed to support IBC.
2.2.5 Celestia DA
Initia designates Celestia as the official Data Availability (DA) layer for all Minitias. This enables state sharing and validation within a specialized layer.
2.2.6 Oracles
Initia uses its L1 validator set to provide price data to the chain with each block, utilizing Slinky. It employs a relaying system with L2 transaction prioritization to deliver oracle updates to L2s without requiring external Oracle integration partners.
2.2.7 Native USDC and CCTP
Minitias can directly access Native USDC and Circle's Cross-Chain Transfer Protocol (CCTP) through IBC, a specialized x/forwarding module, and Noble blockchain—the native USDC issuance token. This setup allows rollups to onboard native stablecoins into their chains in a single transaction, without slippage, by leveraging Circle's CCTP bridge.
Source: Omnitia Architecture | Initia Docs
Omnitia is a comprehensive ecosystem that includes both Layer 1 Initia and Layer 2 Minitia. Within Omnitia, there are strong alignment among Initia, and Minitia L2s, in terms of security, interoperability, and economic. Let’s look into this.
Source: X (@InitiaFND)
2.3.1 Infra - Security Alignment
OSS (Omnitia Shared Security):
In the event of fraudulent activity within an L2, the L1's validator set steps in to resolve disputes, with the aid of Celestia light nodes integrated into the validator nodes. This architecture ensures that Minitia L2 is safeguarded with additional external verification as well.
Source: Initia taps in Celestia to scale a unified system of thousands of interwoven rollups
2.3.2 Infra - Interoperability Alignment
IBC:
It enables Initia to facilitate secure and trustless communication between blockchains in the Cosmos ecosystem, supporting not only token and NFT transfers but also other cross-chain interactions through ICA (Interchain Account). Also this is enabled between Minitia L2s, making native interoperability possible. Since, the validators of Initia L1 also acts as a sequencer, the connection is secure among Omnitia ecosystem.
2.3.3 Economic Alignment
Vested Interest Program (VIP):
It is a mechanism designed to foster ecosystem-wide growth and cohesion. By enabling Layer 2 economic activities to directly contribute to the value accrued by all participants, VIP aligns incentives across the network. This program not only promotes economic activity on Layer 2 solutions but also creates compelling use cases for the INIT token, positioning it as a fundamental asset in a multichain environment. Unlike the fragmented nature of some blockchain ecosystems, VIP ensures that INIT becomes an integral part of every Layer 2, promoting system-wide unity.
Kickbacks:
Kickbacks in the context of the Initia refer to a portion of the transaction fees or rewards that are returned to participants as an incentive for their activity at the smart contract level. For instance, a portion of the fees collected from transactions could be redistributed to users who stake their tokens or provide liquidity.
Source: Introducing VIP. Initia is a network for interwoven
2.3.4 Product Alignment
Initia has a comprehensive product stack , aiming to create a consistent user experience across all rollups, regardless of their individual uniqueness. This initiative is crucial as the industry moves towards a future with potentially thousands of rollups, where a simplified and unified user interface will be instrumental in helping users navigate and understand how to use various products. The consistency across rollups will be a significant factor in enhancing user adoption and interaction within the multichain ecosystem.
To achieve this goal, Initia has developed a suite of interconnected products. These include the Initia App, which serves as the central hub for all L1 activities; Initia Usernames, an ENS-like system usable across all L2s with the same address; Initia Wallet and Wallet Widget, which provide a native wallet solution and enable connections to various wallet types; and the Initia Bridge and Bridge Widget, designed to aggregate routes across multiple chains and simplify the bridging process. These products collectively aim to lower entry barriers, improve interoperability, and streamline the user experience across the entire multichain landscape.
In section 1 and section 2, we looked into Ethereum ecosystem, and Omnitia where both have an infrastructrue for rollup. In this part, lets put these two ecosystem together and see how they differentiate.
Ethereum is the universal settlement layer, acting as a hub for dapps and rollups, but keeping its neutral state in the overall development. So, enshrining MEV or sequencing is being avoided in the ecosystem. However, Initia has some enshirned components to provide the best experience, but keeping neutrality.
The Ethereum ecosystem is often called as a global settlement layer for decentralized applications and rollups, offering robust infrastructure for the deployment of smart contracts. For scaling solutions, Ethereum relies on Layer 2 systems called rollups, which encompass a diverse array of proof systems and execution environments. Additionally, in Ethereum's L2, sequencers operate independently by the rollup developers to manage transaction ordering, with future developments on the implementation of shared sequencers is ongoing.
In contrast, Omnitia presents itself as an interwoven layer specifically designed for rollups, offering an alternative to Ethereum’s ecosystem. Omnitia's L1, known as Initia, has a Move-based contracts. Omnitia's L2 solution, Minitia, supports multiple virtual machines including MoveVM, EVM, and WasmVM. Its proof system adopts an optimistic model where challenges are resolved by the L1 validators, ensuring consistency and reducing the need for external validation mechanisms. This is important as the rollups can have same trust assumptions between each other.
When it comes to interoperability, Ethereum relies on a mix of third-party bridges and chain abstraction projects. On the other hand, Omnitia integrates IBC for seamless interoperability across different rolups. It is also planning to utilize third-party bridges such as Axelar and LayerZero, enhancing its connection with various blockchain networks and seamless onboarding experience.
INIT is the native token of the Initia ecosystem, playing a crucial role in various aspects of the network's functionality and economics. Here's an explanation of its utilities:
Staking and Governance:
INIT tokens serve as the primary staking asset in the Initia network. Validators and delegators can stake INIT to participate in the consensus process, securing the network and earning rewards. This staking mechanism not only enhances network security but also allows token holders to participate in governance.
Gas Fees and Transaction Costs:
As the native token of the Initia network, INIT is used to pay for gas fees and transaction costs within the ecosystem.
The VIP:
It is intricately tied to the tokenomics of the $INIT token, playing a crucial role in its design and utility across the Initia ecosystem. Unlike traditional token models that rely on gas fees and burning mechanisms, which often struggle to achieve significant deflationary effects, VIP creates a more robust and multifaceted use case for $INIT. By establishing $INIT as the canonical base token across numerous chains and creating use cases on every L2 product, VIP ensures widespread adoption and demand for the token. This approach not only enhances the token's utility but also strengthens its position in a landscape where L2s can use various tokens for gas. Furthermore, VIP empowers governance by allowing L1 stakers to participate in a gauge system, directing VIP emissions to different L2s. This design addresses challenges faced by other tokens like ATOM, potentially making $INIT a central player in the broader blockchain ecosystem while fostering a more engaged and influential governance model.
Enshrined Liquidity:
INIT tokens, either individually or paired with other whitelisted tokens (e.g., INIT-USDC, INIT-stATOM), can be staked with validators to create a liquidity hub within Omnitia. This approach enhances liquidity, improves the user experience, and allows staked assets to generate additional yield through trading fees.
As the app specific rollups are the core driving force of the usage of Initia, it will be important to have diverse projects. There are currently projects that are soon to launch, including perp trading, social dapp, etc. Let’s look into these projects:
4.2.1 DeFi - Trading
Blackwing - Limitless Pools Perpetuals:
Blackwing is a rollup that enables liquidation free leverage trading for long tail assets via a novel construct called Limitless Pools. Additionally, by taking advantage of recent advancements in modular infrastructure and using Initia as a foundation, Blackwing is able to allow users to seamlessly leverage trade any assets from any chain - all without compromising decentralization.
Tucana - Intent Based Liquidity Hub:
Tucana is a DEX that utilizes intent-based trading to optimize execution across multiple DEXs and chains. By leveraging advanced routing algorithms and omnichain infrastructure, Tucana allows users to seamlessly access the best liquidity and pricing for their trades, regardless of the asset's native chain.
Contro - Limit Orderbook DEX:
Contro is a decentralized limit order book exchange built on an omnichain settlement layer. It offers institutional-grade order matching and execution speeds while maintaining full self-custody of funds.
4.2.2 DeFi - Lending
Inertia - Lending Protocol:
Inertia is a modular Liquid Restaking and Lending protocol, designed to enhance capital efficiency in the Liquid Restaking and Lending (LRTFi) ecosystem. It introduces LRTs for Initia's INIT and Celestia's TIA, featuring a dual-token LST structure with nINIT and sINIT. This setup allows for leveraged staking and lending, with nINIT providing liquidity and sINIT being yield-bearing. Inertia also includes a lending platform where users can deposit assets as collateral for loans, generating yield through idle assets. Governance is managed via the INRT token, rewarding participation in farming and lending activities.
4.2.3 DeFi - Liquid Staking
Milkyway - Liquid Staking Hub:
Milkyway is a multi-chain liquid staking solution that allows users to stake assets from various blockchains and receive liquid staking derivatives. Currently Milkyway has over $20M of liquid staked $TIA.
4.2.4 Social
Lunch - Web3 Gateway:
Lunch is a decentralized social platform that serves as an entry point for mainstream users into Web3. By combining user-friendly interfaces with blockchain technology, Lunch allows seamless integration of social interactions, content creation, and digital asset management across multiple chains.
Civita - Gamified Social:
Civita is a social ecosystem that incorporates gamification elements to incentivize user engagement and community building. Leveraging cross-chain interoperability, Civita enables users to earn rewards, trade digital assets, and participate in governance across various blockchain networks.
4.2.5 NFT
Zaar:
Zaar is an omnichain NFT marketplace and creation platform that allows users to mint, trade, and showcase NFTs across multiple blockchains. By utilizing cross-chain infrastructure, Zaar provides a seamless experience for creators and collectors to interact with NFTs.
Will Initia succeed? As there are lots of competition in terms of rollup frameworks, It will be important to have an unique offering. This can range from a business support, a better throughput, and secure environment. What would be the unique offering of Initia? This would be the detailed design on making the most intereconnected rollup ecosystem. The reason why the Initia team has “Interwoven” as the main keyword is that not just interoperability is a core factor in the ecosystem, it has other interconnectivity in terms of economic, liquidity, security, etc.
As app-specific rollups can monetize their user base and build custom infrastructure for their dapps, the need to create individual rollups will continue, and more will be developed. With many options available, as Initia grows its ecosystem and connects with the Ethereum ecosystem, it will become one of the best options for launching a rollup. Initia excels in terms of better developer experience, connectivity with other rollups and ecosystems, and less operational overhead. Initia recently completed their first public testnet successfully, and as they prepare to launch their mainnet, it will be interesting to see how its ecosystem unfolds compared to how Ethereum has developed its rollup ecosystem.
Taiko
Arbitrum
Base
