Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»ADOPTION NEWS»Cosmos Project Neutron acquires 25% stake in CosmWasm developer Confio
ADOPTION NEWS

Cosmos Project Neutron acquires 25% stake in CosmWasm developer Confio

By Crypto FlexsDecember 5, 20232 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Cosmos Project Neutron acquires 25% stake in CosmWasm developer Confio
Share
Facebook Twitter LinkedIn Pinterest Email

Posted 1 minute ago In ~

Cosmos-based smart contract platform Neutron has acquired a 25% stake in Confio, a software company known for developing CosmWasm. This investment and strategic collaboration aims to increase CosmWasm adoption and align the development strategies of Neutron and Confio. Neutron did not disclose the investment amount.

CosmWasm can run smart contracts as a native virtual machine on Cosmos-based blockchains such as Neutron and Osmosis.

The investment plan is to drive adoption of CosmWasm and bring about technological improvements through close collaboration with Neutron. According to Neutron, it will focus on key web3 areas such as zero-knowledge proofs for scaling and privacy. “In the long term, we look forward to collaborating on more advanced features to bring to Neutron’s VMs, including native zero-knowledge verification so that privacy and rollup projects can leverage zk technology,” Avril Dutheil, a core contributor at Neutron, told The Block. “It’s a plan,” he said.

According to Neutron, the goal is to position CosmWasm as a competitive alternative to programming environments such as the Ethereum Virtual Machine.

For Neutron, this is another milestone in the post-mainnet launch roadmap, which started with the adoption of replication security in Cosmos Hub.

In June 2023, Neutron raised $10 million at an undisclosed valuation in a seed funding round led by venture firms Binance Labs and CoinFund. Currently, blockchain projects are valued at over $670 million.


Disclaimer: The Block is an independent media outlet delivering news, research and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information about the cryptocurrency industry. Below are our current financial disclosures.

© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Bitcoin Treasury Firm Strive adds an industry veterans and starts a new $ 950 million capital initiative.

September 16, 2025

The best Solana depin project to form the future -Part 2

September 8, 2025

Ether Lee (ETH) tests major support for $ 4,453 after the highest rejection.

August 31, 2025
Add A Comment

Comments are closed.

Recent Posts

Zircuit Launches $495K Grants Program To Accelerate Web3 Super Apps

September 16, 2025

Kintsu Launches SHYPE On Hyperliquid

September 16, 2025

New Cryptocurrency Mutuum Finance (MUTM) Raises $15.8M As Phase 6 Reaches 40%

September 16, 2025

How XRP Enthusiasts Can Earn $15k/Day

September 16, 2025

Bringing 1R0R To R0AR Chain Unlocks New Incentives

September 16, 2025

As the Air drop recipient is sold, the infinite price is 46% conflict after Binance listing.

September 16, 2025

Vulnerability or orbit again? BTC has a line at $ 115K

September 16, 2025

Bitcoin Treasury Firm Strive adds an industry veterans and starts a new $ 950 million capital initiative.

September 16, 2025

France can break the EU password market with ‘atomic weapons’.

September 15, 2025

Cardano (ADA) Signal Recovery -Is there a strong rise?

September 15, 2025

BitMine Immersion (BMNR) Announces Crypto And Cash Holdings Of $10.8 Billion, ETH Holdings Exceeding 2.151 Million

September 15, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Zircuit Launches $495K Grants Program To Accelerate Web3 Super Apps

September 16, 2025

Kintsu Launches SHYPE On Hyperliquid

September 16, 2025

New Cryptocurrency Mutuum Finance (MUTM) Raises $15.8M As Phase 6 Reaches 40%

September 16, 2025
Most Popular

Binance denies insider trading allegations after purchasing BOME whale before listing

March 18, 2024

Bitcoin Price Prediction: BTC Soars 23% in One Month, But Analysts Say This Bitcoin Cloud Mining Token Could Multiply by 10

February 26, 2024

The Tether USD stablecoin circulating supply is close to $100 billion.

March 4, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.