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What is InitVerse?

InitVerse is a next-generation Web3 SaaS infrastructure managed by InitVerse Labs. Its ecosystem includes INIChain (a public L1 featuring TfhEVM, the first Ethereum Virtual Machine with Fully Homomorphic Encryption for absolute privacy), INISaaS (an AI-powered development platform for DApps), INICloud (a decentralized cloud using $INI for settlement), and INI Cloud Mining (a PoW cloud mining platform). Founded in 2023, the project empowers developers by offering privacy, security, and efficiency. It aims to lower barriers to DApp creation while providing massive computing capacity via DePIN. Unlike traditional infrastructure, InitVerse integrates native homomorphic privacy into the EVM, AI-driven dev tools, and accessible cloud mining. It supports advanced ecosystems such as prediction markets and the technological infrastructure projected for 2026. About Mining: INI Cloud Mining is the exclusive platform for $INI A/B mining (GPU-compatible PoW, similar to Scrypt). Users rent cloud computing power to maintain hashrate, earn $INI rewards, and contribute to network security without owning hardware. It is designed to be beginner-friendly, with a strong focus on efficiency and liquidity. The network is supported by the $INI token (max supply: 6 billion), used for SaaS and cloud service payments, staking, governance, and distributing rewards to miners and nodes.