Initia Co-founder Disclosure: Binance Labs is Initia's first and largest investor

BlockBeats News, April 17th, Zon, co-founder of the Layer 1 Rollup network Initia, stated in a social media post, "As early as the beginning of 2023, Binance Labs (now YZi Labs) became our first investor and the largest investor to date."

At that time, Initia was only relying on a vision and a minimal viable product (MVP) to survive, and fortunately, Binance Labs saw it. I prefer to believe that what they saw more importantly was the strength of the team we were building."

Today's report, Initia (INIT) has been launched on Binance Launchpool.