[PRESS RELEASE – Seoul, South Korea, September 5th, 2023]
WEMIX has recently unveiled unagi, an initiative aimed at creating a vast ecosystem that promotes the growth of global blockchains. With unagi, you can easily and conveniently utilize services across multiple blockchains, thanks to its complete user-customized omnichain network. This ecosystem connects all platforms and decentralized applications (dApps) as one, leveraging the complementary strengths of different blockchains.
Overcoming Existing Integration Challenges
The launch of unagi, proposed by the WEMIX Foundation, is a significant milestone in overcoming existing challenges in the integration of blockchains. It aims to accelerate the mass adoption of blockchain technology by seamlessly integrating diverse blockchains and services. With unagi, you can transcend the boundaries between chains and experience integrated transactions and comprehensive asset management.
Core Mechanism
At its core, unagi achieves a highly accessible omnichain by using a messaging protocol called unagi(x). This protocol supports both on-chain and off-chain messaging, overcoming the computational limitations associated with specific blockchains. Through decentralized validation, unagi ensures swift and secure transactions across different chains, enhancing various aspects of blockchain activity.
Connecting 8 Major Blockchains
Initially, unagi(x) will support EVM networks and expand to Non-EVM environments in the future, reducing entry barriers and enabling the utilization of existing smart contracts. Currently, unagi connects eight major blockchains, including Arbitrum, Avalanche, BNB Smart Chain, Ethereum, Kroma (WEMIX L2 project), Optimism, Polygon, and WEMIX3.0.
Core Applications
unagi’s core functionalities are accessible through the una Wallet, providing a secure and speedy wallet authentication service. It allows you to manage assets from various chains using a single wallet, simplifying concepts like gas fees and seed phrases. Additionally, unagi offers services like unagi Swap for low-cost dApp utilization and unagi Scan for easy access to transaction histories.
unagi also provides support for partners and dApp builders through a Standard SDK/API, simplifying the development of services. This creates an environment where different blockchain services and assets are interconnected, forming a massive ecosystem for cross-chain transactions.
Hot Take:
unagi’s innovative approach to create an all-encompassing blockchain ecosystem has the potential to revolutionize the industry. By seamlessly integrating and connecting multiple networks, unagi allows for the coexistence of diverse blockchains and unlocks new possibilities for collaboration and growth. Its user-friendly applications and support for developers make it an exciting development in the blockchain space. With unagi, you can truly experience the power and potential of blockchain technology.
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