The Atom Accelerator decentralized autonomous organization has recently announced a partnership with Neutron, the Cosmos-based integrated application network, to provide $250,000 in funding for the ongoing development and maintenance of the CosmWasm smart contract platform in the coming year. This move is aimed at raising awareness about the importance of CosmWasm in the Cosmos ecosystem and encouraging other projects to contribute to its support.
The decision to provide funding for CosmWasm comes in response to the Interchain Foundation’s announcement that it will no longer be funding the platform’s development. While the Foundation believes that CosmWasm is no longer the primary driver of growth in the Cosmos ecosystem, Atom Accelerator and Neutron recognize its significance and are stepping in to ensure its continued success.
CosmWasm is a smart contract framework based on the Rust programming language, known for its simplicity, performance, and reliability. It enables developers to build decentralized applications that can interact with any chain in the Cosmos Network. With its modular design and support for WebAssembly (Wasm) runtime, CosmWasm is a key component of interoperability in the Cosmos Network, facilitating the creation of cross-chain dApps that can communicate with multiple interconnected blockchains.
Despite its importance in the Cosmos ecosystem, the Interchain Foundation has shifted its focus to other initiatives, prompting the need for external support for CosmWasm. Atom Accelerator emphasizes that CosmWasm is essential for the development of high-performance, cross-chain dApps in the Cosmos ecosystem and calls on other projects to contribute to its maintenance and growth.
While the Interchain Foundation will continue to provide some funding for CosmWasm, additional support is needed to ensure its long-term sustainability. Atom Accelerator and Neutron’s contribution is a step in the right direction, but a coalition of projects that benefit from CosmWasm should also come together to secure its future. By investing in CosmWasm, these projects can show their appreciation for the platform that has played a crucial role in their success within the Cosmos ecosystem.