The foundation supporting Cosmos-based cross-chain smart contract platform Neutron will acquire 25% of Confio, the software development company behind CosmWasm, the default virtual machine in the Cosmos ecosystem.
This acquisition is intended to drive technological improvements to the CosmWasm virtual machine and improve its performance, security and interoperability.
Confio, a German GmbH corporation, will sell 25% equity of its shares in this strategic investment.
According to Avril Dutheil, a core contributor of Neutron, the investment is being made by the Neutron Foundation in cash as part of its mandate to ensure the long-term growth and development of the network. It did not…
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