Atom Accelerator Puts Weight Behind CosmWasm Coalition, Offers Matching Funding With Neutron | HackerNoon

The funding initiative represents a collaborative effort between Atom Accelerator and Neutron, aiming to secure $2 million for the ongoing development of CosmWasm, which is crucial for the Cosmos ecosystem.

With CosmWasm powering nearly 100 chains and generating over $5.7 million in fees in just the past year, its role in enabling decentralized applications across the interchain is indispensable.

AADAO contributors emphasized, "CosmWasm is a critical resource for the Cosmos ecosystem, underpinning many of the applications and chains that drive value to the interchain."

Following a significant funding cut from the Interchain Foundation for Confio, AADAO and Neutron's strategic funding will facilitate continued critical functions like security research, feature development, and developer support.

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