A group of former developers from Terra and Cosmos have successfully raised $7.5 million in a seed funding round for their new project, Initia. This rollup-focused blockchain, targeting a Q2 launch, aims to simplify blockchain development. The funding round was led by Delphi Digital and Hack VC, with additional support from notable angel investors including Cobie, Dcfgod, and SplitCapital. Initia's goal is to create a network for interwoven rollups, which are expected to play a crucial role in the modular future of blockchain technology.