The Interchain Foundation (ICF) is acquiring Skip, one of the top teams in the blockchain ecosystem, to boost engineering, product strategy, and execution capabilities for the Cosmos network. This move, announced on Cosmos’ official X account, marks a significant shift toward growth.
Cosmos Embraces Internal Growth with Interchain Inc. Leadership
Skip will be renamed to Interchain Inc. and will become the primary subsidiary of the ICF, managed by its co-founders, Barry Plunkett, and Maghnus Mareneck. The ICF, which is still a registered Swiss Foundation, will increase the size of its Foundation Council. Founder Ethan Buchman will exit but not completely disengage himself from the ecosystem.
Interchain Inc. will govern and spearhead development and expansion for the whole Cosmos universe with specific stress on the Cosmos Hub. It is a departure from ICF’s prior strategy of distributed development and marks a new era of internal integration. The emphasis will be on building an organically integrated product-focused Interchain Stack that would attract users and their funds.
Cosmos Focuses on Growth with New Strategies and Interchain Inc.
The Cosmos ecosystem is built upon sovereignty, decentralization, and permissionless interconnection. These values set it aside from other ecosystems that have proprietary frameworks and are typically centralized. Currently, Cosmos has constructed over 115 connected mainnets and processes $1 billion in monthly volumes through the IBC protocol. The ecosystem, however, has the potential to grow and expand in other areas, especially in liquidity which is crucial for developers and consumers.
Regarding the ICF’s goals, it will attempt at enhancing its work in cooperation with Skip, who developed products that are popular among developers. Interchain Inc.’s primary goals will be to increase the level of interaction with the community and make it easier to create appchain. The new subsidiary will also focus on the integration of Cosmos Hub and ATOM to operate as one system to complement each other in addressing the needs of improving its users’ interface and expansion.
The ICF and Interchain Inc., therefore, will set out to meet the organization’s ambitious goal of increasing liquidity in Cosmos. These are new developers, better multi-chain user experience, staked liquidity, and improved ecosystem attractiveness. This approach would make the Cosmos ecosystem more secure and prepared for additional users at the same time.
