ChainCatcher news, according to The Block, the Cosmos-based blockchain Neutron has acquired a 25% stake in CosmWasm developer Confio. This investment and strategic partnership aim to increase the adoption of CosmWasm and align the development strategies of Neutron and Confio. Neutron did not disclose the amount of the investment.

ChainCatcher news, blockchain development tool company Confio has now stopped all public product work. Confio's Vice President of Sales and Marketing, Misang Ryu, stated that Confio has long provided free support to the blockchain, projects, and developers of the Cosmos ecosystem, but can no longer afford the CosmWasm subsidy. Since October 2022, public product work has not received any donation funding.Misang Ryu stated that Confio will no longer release new code for CosmWasm, wasmd, and other libraries, will no longer support the completion of Cosmos SDK 0.47 work, and will no longer disclose security issues, etc. (source link)