The Cosmos ecological chain Neutron acquired a 25% stake in Conflio, the developer of the programming environment CosmWasm. The investment amount has not been disclosed. The investment will be used to increase CosmWasm adoption and coordinate the growth strategies of Neutron and Confio.
Neutron core contributor Avril Dutheil said, "In the long term, we plan to collaborate on more advanced features to bring more capabilities to Neutron's virtual machine, including native zero-knowledge verification so that privacy and aggregation projects can take advantage of zk technology." , whose goal is to position CosmWasm as a competitive alternative to programming environments such as the EVM.
CosmWasm is the default virtual machine for Cosmos-based blockchains such as Neutron and Osmosis, enabling them to run smart contracts.