Crypto Focus: Atom Accelerator and Neutron Invest $500,000 to Boost CosmWasm

Crypto Funding in Action

Atom Accelerator (AADAO), a decentralized autonomous organization (DAO) on Cosmos Hub (ATOM), and Neutron, Cosmos’ integrated application network, have each pledged $250,000 to support the development and maintenance of Confio’s CosmWasm in 2025, as reported to Finbold on Tuesday, December 17.

With early funding, AADAO and Neutron aim to secure priority consideration in Confio’s future endeavors and encourage other stakeholders to follow suit.

CosmWasm Adoption and Funding

Confio has been working on CosmWasm since 2020, and so far, the smart contract framework has been adopted by nearly 100 blockchain networks.

• CosmWasm enables developers to build decentralized applications (dApps) that interact across the Cosmos interchain.
• In the past year, CosmWasm dApps generated over $5.7 million in fees within the Cosmos ecosystem.

However, funding for CosmWasm has primarily come from the Interchain Foundation (ICF). Following recent ICF restructuring, Confio’s budget for 2025 has faced significant reductions, leading to uncertainty regarding the platform's future.

Introducing CosmWasm Coalition

Atom and Neutron's investments are part of the newly launched CosmWasm Coalition, which builds on previous support from the Cosmos Hub, including a $1.25 million allocation under Proposal #103 in March 2023.

The coalition’s goal is to raise the $2 million needed to keep CosmWasm thriving in 2025, allowing Confio to prioritize security, performance optimization, feature development, SDK compatibility, and enhancing the overall developer experience.

Cosmos Hub relies on CosmWasm for permissioned smart contract capabilities, demonstrating its critical role across many consumer chains that utilize Cosmos Hub’s Interchain Security.