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Interchain foundation enhances Cosmos with skip acquisition

Icf acquires skip: The Interchain Foundation (ICF) has strategically acquired Skip, aiming to bolster the Cosmos ecosystem. Post-acquisition, Skip will be rebranded as Interchain Inc., focusing on enhancing the Interchain Stack and infrastructure that secures blockchain networks worth over 50 billion USD.

Leadership transition: Barry Plunkett and Maghnus Mareneck will lead Interchain Inc., focusing on expanding interchain-native businesses. Their mission includes integrating native virtual machines, such as EVM, improving Rust-based tools, and decreasing consensus block times, thus fostering developer engagement and liquidity within Cosmos.

Vision for Cosmos hub: ICF President Josh Cincinnati and other leaders highlight Skip’s role in Cosmos development. The transition aims to improve user experience and accelerate technical advancements. The leadership sees the acquisition as crucial for a unified direction, supporting both Cosmos Hub blockchain and its currency, ATOM.

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