The post below has also been posted on Twitter by the Head of Delphi Labs Jose Macedo. You can read the thread on Twitter here: https://x.com/zemariamacedo/status/1839691280768696422?s=46
Tbh Initia is one of the rare teams I’d back without seeing a deck It helps I’m also bullish af on what they’re building. As @SmokeyTheBera put it: “Betting on these dudes to facilitate the appchain future that Cosmos fumbled”.
Thread on Cosmos, what it got right and wrong, and how Initia fixes this
https://x.com/initiaFDN/status/1838929323954200974
Cosmos had the right core idea: sovereignty and customisability matter. Developers want to control the ground they build on, and I continue to believe that most successful dApps will end up migrating to their own chains/L2s.
We’ve already seen this happen many times with the likes of Ronin, Flow, and Stepn last cycle, dYdX, Hyperliquid and Blast this cycle, and others like Ethena, Maker, and Synthetix launching their own chains/L2s soon.
We’re even seeing this happen on so-called “m
