Why interoperability matters and how can multi-chain-as-a-service help?
It is expected that by 2024 blockchain technical services will account for $20 billion dollars annually (1) as mass adoption continues and the transition from Web2 to Web3 accelerates. The transition is anticipated to include many bottle necks including network congestion and cross-chain bridging. Custom bridges between chains pose security risks and are prime targets for attacks e.g. hackers made off with $540M worth of Ethereum (2) most recently.
Join Vivi Lin and Aaron Ting of Octopus Network the team responsible for substrate inter-blockchain communication (IBC) pallet (3) in collaboration with Cosmos to explore multi-chain-as-a-service built on NEAR direct bridging to solve usability challenges with wrapped assets, and novel applications in gaming and the metaverse.