WEMIX Introduces “unagi”: A New Omnichain Initiative That Transcends Blockchain Boundaries

<p>· Aims to create a vast
ecosystem to drive common growth of global blockchains </p><p>· Complete user-customized
omnichain network to easily and conveniently utilize services across multiple
blockchains</p><p>· All platforms and dApps
are connected as one with blockchains bringing complementary strengths to the
ecosystem</p><p>WEMIX
has unveiled unagi, short for Unbound Networking &amp; Accelerating Growth
Initiative, which aims to construct an all-encompassing ecosystem that goes
beyond the limitations of diverse blockchains by seamlessly integrating,
connecting and encompassing multiple networks, fostering an environment where
they coexist harmoniously. This need for an omnichain ecosystem that taps the
potential for innovative synergy between blockchains is increasingly important
amid the growing number and diversity of emerging blockchains.</p><p>Overcoming
existing integration challenges </p><p>Proposed
by the WEMIX Foundation, the launch of unagi marks a pivotal turning point with
the potential to overcome existing challenges. unagi is designed to accelerate
the mass adoption of blockchain by seamlessly integrating diverse blockchains
and services, helping to address the multifaceted challenges that arise during
chain interactions, and providing a seamless immersion into a wide array of
blockchain experiences. With unagi, you can transcend the boundaries between
chains and experience integrated transactions and comprehensive asset
management.</p><p>Core
Mechanism</p><p>At its
core, unagi accomplishes a highly accessible omnichain, spanning on-chain and
off-chain domains, through a messaging protocol known as unagi(x). This
protocol supports decentralized off-chain messaging in addition to on-chain
messaging, surmounting the computational limitations associated with contracts
running on specific blockchains.</p><p>This is
achieved through a decentralized validation method, ensuring swift and secure
transactions across heterogeneous chains that are completely reliable, both
on-chain and off-chain. unagi enhances various aspects of blockchain activity,
aiding in optimal route discovery for dApps, reducing fees, and supporting gas
fee delegation services.</p><p>Connecting
8 major blockchains</p><p>Moreover,
unagi(x) will initially support EVM networks and expand its compatibility to
Non-EVM environments in the future, reducing entry barriers and enabling
utilization of existing smart contracts. An initial group of 8 major
blockchains are connected by unagi including Arbitrum, Avalanche, BNB Smart
Chain, Ethereum, Kroma (WEMIX L2 project), Optimism, Polygon, and WEMIX3.0.</p><p>Core
Applications</p><p>unagi’s
core functionalities, supporting the omnichain, are accessible through the una
Wallet, which provides a secure and speedy wallet authentication service that
allows users to search and manage assets of various chains as if they were
stored using a single wallet.</p><p>It
facilitates access to the services of these chains swiftly and securely through
robust authentication mechanisms, and enables efficient management of assets
across various chains through one wallet. Notably, unagi’s authentication will
not only utilize MPC technology but also introduce Account Abstraction for
unprecedented authentication speed and ease of use.</p><p>· una Wallet: natively manage assets
on multiple chains through one single wallet with easy utilization of
complicated concepts such as gas fee, seed phrase, network, etc.</p><p>· unagi Swap: A service that provides
high liquidity and stability, and low fees using various cross-chain protocols,
enabling users to potentially utilize dApp services at the lowest cost.</p><p>· unagi Scan: Get easy and direct
access to transaction histories of various chains. Transactions that occur both
on and between chains can all be recorded and searched through unagi.</p><p>In
addition to delivering user convenience, unagi will also provide support for
partners and dApp builders using a Standard SDK/API that will simplify
effective and efficient development of services for builders.</p><p>This
will create an environment where disparate blockchain services and assets
effectively become interwoven as part of a single massive ecosystem and achieve
what was once deemed unattainable in cross-chain transactions.</p><p>Wemade
showcases unagi at Korea Blockchain Week</p><p>Experience
unagi up close
and personal at the Wemade booth on-site from 5 – 6 September at The SHILLA
Seoul during Korea Blockchain Week 2023. Wemade is returning as the main
sponsor for IMPACT, the key event headlining this year’s KBW. You can also
watch the introduction to unagi on YouTube or visit unagi's official website (https://unagi.io)
for more information.</p><p>About
WEMADE</p><p>A
renowned industry leader in game development with over 20 years of experience,
Korea-based WEMADE is leading a once-in-a-generation shift as the gaming
industry pivots to blockchain technology. Through its WEMIX subsidiary, WEMADE
aims to accelerate the mass adoption of blockchain technology by building an
experience-based, platform-driven, and service-oriented mega-ecosystem to offer
a wide spectrum of intuitive, convenient, and easy-to-use Web3 services. Visit
www.wemix.com/communication for more information.</p>

This article was written by FL Contributors at www.forexlive.com.