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LayerZero - Bixin Ventures Portfolio Insights
It’s been evident for a while that the future of web 3 belongs to a multi-chain world with a plethora of modular and monolithic blockchain ecosystems. However, the user experience interacting with multiple chains has been problematic to say the least. Think about it — your assets on Ethereum have to be bridged across before you can use applications on Arbitrum, your NFTs can only exist on whatever blockchain you minted it on, the process of bridging is a huge headache with wrapped assets, expensive gas fees & waiting time.
What if your assets can exist interoperably between multiple chains? What if you can use applications across multiple chains without the need for bridges? What if there is a way that is easy for developers to deploy applications that utilize multi-chain assets? Those possibilities share the same idea that assets will no longer live in isolation in their native chains is a crucial omnichain future that LayerZero is building towards.
We believe in a future whereby users are able to use applications without even knowing which blockchain they are on. This is akin to how people in web2 are using Instagram, Tiktok, Google without the need to know whether they are hosted on Amazon Web Services or Microsoft Azure. The infrastructure layer that LayerZero is developing hopes to achieve this true interoperability vision to connect all layer 1s regardless of whether they are EVMs, IBC or any other systems. Users will no longer need to bother about whether popular applications like Aave or Compound are supported by their chain or not.
TLDR: Multi-chain is just the first step, what’s next is a vision of omnichain interoperability that we strongly share with LayerZero.
Follow us Bixin Ventures for more insights on the world of #web3 #cryptocurrency #blockchain #defi #gamefi and more
✔️ Twitter: https://twitter.com/BixinVentures
✔️ 推特: https://twitter.com/BixinVC
✔️ Medium: https://bixinventures.medium.com/
✔️ Substack: https://bixinventures.substack.com
✔️ Podcast: https://anchor.fm/bixinventures
✔️ Website: https://bixinvc.com/
✔️ Youtube: https://www.youtube.com/c/BixinVenturesDaily
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By Bixin VenturesIt’s been evident for a while that the future of web 3 belongs to a multi-chain world with a plethora of modular and monolithic blockchain ecosystems. However, the user experience interacting with multiple chains has been problematic to say the least. Think about it — your assets on Ethereum have to be bridged across before you can use applications on Arbitrum, your NFTs can only exist on whatever blockchain you minted it on, the process of bridging is a huge headache with wrapped assets, expensive gas fees & waiting time.
What if your assets can exist interoperably between multiple chains? What if you can use applications across multiple chains without the need for bridges? What if there is a way that is easy for developers to deploy applications that utilize multi-chain assets? Those possibilities share the same idea that assets will no longer live in isolation in their native chains is a crucial omnichain future that LayerZero is building towards.
We believe in a future whereby users are able to use applications without even knowing which blockchain they are on. This is akin to how people in web2 are using Instagram, Tiktok, Google without the need to know whether they are hosted on Amazon Web Services or Microsoft Azure. The infrastructure layer that LayerZero is developing hopes to achieve this true interoperability vision to connect all layer 1s regardless of whether they are EVMs, IBC or any other systems. Users will no longer need to bother about whether popular applications like Aave or Compound are supported by their chain or not.
TLDR: Multi-chain is just the first step, what’s next is a vision of omnichain interoperability that we strongly share with LayerZero.
Follow us Bixin Ventures for more insights on the world of #web3 #cryptocurrency #blockchain #defi #gamefi and more
✔️ Twitter: https://twitter.com/BixinVentures
✔️ 推特: https://twitter.com/BixinVC
✔️ Medium: https://bixinventures.medium.com/
✔️ Substack: https://bixinventures.substack.com
✔️ Podcast: https://anchor.fm/bixinventures
✔️ Website: https://bixinvc.com/
✔️ Youtube: https://www.youtube.com/c/BixinVenturesDaily