multivm

According to The Block, Injective launched its native EVM mainnet on its Cosmos-based Layer 1 blockchain on Tuesday, bringing full compatibility with Ethereum. This is a key step in Injective's "MultiVM" roadmap, which aims to create a unified multi-virtual machine environment on Layer 1 blockchain for seamless development and execution across multiple smart contract platforms.The ultimate goal is to enable developers to deploy applications on their preferred virtual machines—including WebAssembly, EVM, and Solana virtual machines—without changing the code, while sharing liquidity, assets, state, and modules across the entire ecosystem. Injective began testing its inEVM Layer 2 as early as 2023 and announced earlier this year that it would introduce native EVM support on its Cosmos-based Layer 1. According to Tuesday's announcement, Solana virtual machine support "has been included in the roadmap."

According to official news, Injective announced that the EVM mainnet is now live, enabling real-time trading speeds in a true MultiVM network.

ChainCatcher news, according to Cointelegraph, the MultiVM execution layer Cytonic has completed a $8.3 million seed round financing, led by Lattice and Lemniscap, with participation from IOBC, Nomura, Lyrik, Public Works, Arthur Hayes, and other notable investors. Currently, Cytonic is compatible with EVM and SVM, allowing existing tools, wallets, and DApps running on EVM or SVM chains to migrate directly to Cytonic and operate seamlessly.ChainCatcher notes that Cytonic was co-founded by former Spin Labs executive Ivan Miskovic, former Foresight Ventures partner Chelsea, and former Faraway senior engineer Badconfig. By introducing new technologies such as MultiVM and MultiRPC, it launched the first Layer1 blockchain capable of running multiple virtual machines within the same network and sharing storage, enabling developers to deploy existing applications from multiple virtual machine networks like EVM on Cytonic without rewriting code, simplifying the development and scaling process, while also allowing users to perform synchronous cross-virtual machine atomic swaps.

ChainCatcher news, Inception Capital stated on social media that it has jointly participated with Lattice in a $6.9 million early financing for the Ethereum L2 execution environment MultiVM.It is reported that MultiVM is building a new type of ZK Rollup on Ethereum, which unifies multiple virtual machines and languages, allowing EVM developers to scale beyond the Ethereum ecosystem, while non-EVM developers can also scale to the Ethereum ecosystem.According to the Web3 asset data platform RootData, MultiVM is a Layer 2 zk-rollup designed specifically for multi-language smart contract development. It offers fast performance and ensures secure communication through cross-virtual machine calls, essentially allowing each virtual machine to operate on a single unified Ethereum rollup. The project has evolved from the decentralized trading platform Spin on NEAR.