Initia integrates Layer 1 and application-specific Layer 2 technologies to facilitate the creation of scalable, interconnected blockchains with advanced capabilities. The project has raised $7.5 million from top-tier investor Delphi Digital and others, along with an undisclosed investment from Binance Labs. Recently, Initia launched their Public Testnet, offering confirmed rewards for the next eight weeks leading up to the mainnet launch later this year.