Interchain Foundation funds Tharsis Labs to open-source evmOS

The Interchain Foundation finances the team of Tharsis Labs to publish an open source EVMOS, the layer 1 solution compatible Ethereum targeting stimulating interoperability between Ethereum and Cosmos.

The funding will see the open-source evmos of Tharsis Labs, bringing the cosmos (ATOM) User functionality on Ethereum (Ethn) network.

Interchain Foundation, the entity helping to advance the cosmos ecosystem and its inter-blockchain communication protocol, announcement The development of March 18.

With Evmos, developers can create decentralized applications and channels powered by EVM using the cosmos software development kit. Tharsis Labs will open the source of compatible Virtual Machine Ethereum software under the Apache 2.0 license, said the Interchain Foundation.

In this case, ICF will start Evmos technology and rename it Cosmos EVM, which will allow the steward of the Cosmos ecosystem to continue the development of the project.

Cosmos EVM will be part of the interchain battery and will be built under the team of Interchain laboratories.

“We believe that this is the right thing for the community for the longevity of the code that we have developed, and I am enthusiastic about the support of the ICF. I can’t wait to contribute to this next phase in a strategic advice role, “said Federico Kunze Küllmer, co-founder of Evmos and representative of Tharsis Labs.

According to the ICF, an open source provenance will see an additional integration of the technological pile forked, providing innovation without authorization in space. The integration of the EVMOS as the main EVM solution for the advantages of cosmos target advantages such as transversal communication for the scaling of DEFI applications.

Despite the funding and supply of the EVMOS, the ICF says that it remains attached to the Projec roadmap. In addition to Ethereum compatibility, the Interchain Foundation aims to integrate Evmos into the solution that all proof of layoffs can exploit for a new web3 adoption.

“Evmos was a critical piece in filling the ecosystems Ethereum and Cosmos, and we are delighted to support its continuous evolution under the umbrella of the Interchain Foundation,” said Josh Cincinnati, president of the ICF Foundation Council.

In July of last year, Layerzero Labs In partnership with Initial Labs For an interoperability standard for the cosmos. The collaboration aimed to bring Omnichain’s interoperability to the Cosmos SDK and Layerzero channels.