Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • 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

BTC RSI hits April low as Coinbase premium turns red.

October 18, 2025

Crypto Exchange Rollish is expanded to 20 by NY approved.

October 2, 2025

SOL Leverage Longs Jump Ship, is it $ 200 next?

September 24, 2025
Add A Comment

Comments are closed.

Recent Posts

5 Best Crypto Flash Crash And Buy The Dip Crypto Bots (2025)

October 18, 2025

Billionaire Tim Draper Leads $3.2M Seed Round For Ryder To Replace Seed Phrases With TapSafe Recovery

October 18, 2025

IRANcoin Global Reserve (IRCOIN) launches to reshape global digital payments

October 18, 2025

Fusaka Update – Information for Blob Users

October 18, 2025

6 Best AI Quant Bots To Use In 2025: Smarter Trading Starts Here

October 18, 2025

BTC RSI hits April low as Coinbase premium turns red.

October 18, 2025

The Great Inheritance and Crypto: What you need to know.

October 17, 2025

6 Best AI Quant Bots To Use In 2025: Smarter Trading Starts Here

October 17, 2025

AI and Bitcoin mining stocks soar after OpenAI closes multibillion-dollar chip deal with AMD

October 17, 2025

MEXC Celebrates ZEROBASE (ZBT) Listing With Airdrop+ Event Featuring 55,000 USDT Prize Pool

October 16, 2025

How MasterQuant’s AI Trading Bot Is Becoming Every Investor’s Favorite Trade Machine

October 16, 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

5 Best Crypto Flash Crash And Buy The Dip Crypto Bots (2025)

October 18, 2025

Billionaire Tim Draper Leads $3.2M Seed Round For Ryder To Replace Seed Phrases With TapSafe Recovery

October 18, 2025

IRANcoin Global Reserve (IRCOIN) launches to reshape global digital payments

October 18, 2025
Most Popular

Solana Trader Aims for $180 Target After SOL Gains 13% in 2 Days

July 17, 2024

Vitalik wants Ethereum to become a ‘cypherpunk’, welcoming a social layer as its core USP.

December 29, 2023

As Solana Memecoins come back, the bonk price rises 60% a week

April 29, 2025
  • 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.