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October 31, 2023

Terraform Labs Reduces Costs and Boosts Token Prices with Infrastructure Support for Cosmos Chains

Ethan Williams
Written byEthan WilliamsWriter
Researched byNikos PapadopoulosResearcher

Introduction

Terraform Labs, led by new CEO Chris Amani, has shared exciting news for the Cosmos community. The company's Foundation business model aims to provide infrastructure support for all Cosmos chains, effectively reducing costs for developers.

Terraform Labs Reduces Costs and Boosts Token Prices with Infrastructure Support for Cosmos Chains

Free Infrastructure for Terra Applications

One of the key aspects of the Foundation business model is the provision of free infrastructure for applications launched on Terra. This eliminates the need for developers to handle infrastructure themselves or assemble a dedicated team for this purpose.

Infrastructure Support for Cosmos Chains

In addition to supporting Terra applications, Terraform Labs is also willing to run infrastructure for entire chains on the Cosmos network. This move is expected to significantly cut down on the massive costs associated with maintaining infrastructure.

Positive Impact on Cosmos Ecosystem Tokens

The announcement from Terraform Labs has had a positive impact on the prices of tokens within the Cosmos ecosystem. Following the news, the price of ATOM increased by 8% in just 24 hours, reaching $8.13. Other tokens such as JUNO, OSMO, and EVMOS also experienced significant price jumps of 142%, 25%, and 28% respectively.

Terra Luna Classic Community Response

Members of the Terra Luna Classic community have expressed their enthusiasm for the news. They see this as an opportunity to reduce unnecessary infrastructure costs that the community currently bears.

Conclusion

Terraform Labs' announcement of infrastructure support for Cosmos chains is a significant development for the ecosystem. By providing free infrastructure for Terra applications and offering support for entire chains on Cosmos, the company aims to reduce costs and facilitate the growth of the Cosmos community. The positive impact on token prices further highlights the importance of this announcement. Developers and community members alike can now take advantage of this opportunity to streamline their operations and maximize their potential within the Cosmos network.

About the author
Ethan Williams
Ethan Williams
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Ethan Williams, a lively 24-year-old lad from the UK, brilliantly fuses his passion for online casinos with top-notch English localisation, creating bespoke casino guides for Britain's keen gaming lot.

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