According to a Medium post by the Interchain Foundation (ICF) on February 20, the nonprofit organisation responsible for creating the Cosmos inter-blockchain communications (IBC) ecosystem has stated its intention to invest approximately $40 million in 2023 towards enhancing its fundamental infrastructure and developing applications.
About 50 blockchains, including Tendermint Core, Cosmos SDK, Cosmos Hub, and the IBC protocol, use the Interchain Stack. Their plan is to involve other teams to work on specific tasks within each area of development throughout the year. These contracts will be to support the work of the mentioned teams or to meet their needs that arise during the year.