Finance
Agoric Unveils Orchestration for Next-Gen Web3 Applications
Global Banking & Finance Review®
Company
San Francisco, United States / California, July 10th, 2024, Chainwire
San Francisco, United States / California, July 10th, 2024, Chainwire
Revolutionizing Multi-Blockchain Coordination with Seamless User Interactions
Agoric, a layer 1 blockchain designed for chain abstraction, has today announced the roll-out of its Orchestration API. With this new toolset, developers can create next-gen Web3 applications that seamlessly coordinate digital assets and services across multiple blockchain ecosystems. As a result, users can now benefit from one-click interactions that can deploy their liquidity and access multiple blockchains in a uniform fashion.
With over $2 trillion in liquidity fragmented across different blockchains and their ecosystems (Ethereum, Solana, L2s, L3s, app-chains, sovereign rollups, subnets and more), users are too often left with complex, arduous experiences in Web3. Many have tried to solve this fragmentation issue by launching bridges and interoperability solutions, however, the experience is still limited due to the lack of programmability with existing solutions. Even simple use cases like paying with assets on one blockchain for services on another one require multiple user actions and signatures, leaving crypto assets trapped within isolated silos.
Orchestration changes the game for multi-chain use cases:
Commenting on the API launch, Dean Tribble, CEO of Agoric Systems, said: “We are excited to offer a platform that enables rich, one-click user experiences that unlock new economic opportunities across multiple chains. Currently in Web3, even simple tasks demand too many actions and too much finicky expertise by users. Agoric Orchestration brings unique technology to developers so they can bring their applications into the next generation of Web3.”
Interchain trading terminal Calypso will leverage Agoric Orchestration to launch their staking widget. With just one click, users can stake into any IBC-enabled chain from almost any starting token (ETH, SOL, etc.). Normally, this process of cross-chain staking could take the user six separate steps including multiple signatures, but with Agoric Orchestration, it’s only one action.
Commenting on the integration, John DiBernardi, Co-Founder of Calypso, said: “When it comes to executing actions across multiple blockchains, Agoric Orchestration is simply unmatched. We’ve been able to simplify time-intensive and incredibly frustrating DeFi tasks into a one-click experience that both users new to DeFi and those that are seasoned will greatly appreciate.”
Builders ready to orchestrate the multi-chain can apply for Agoric’s Early Access Program, offering personalized technical support, financial incentives, and early access to new features. Apply today at agoric.com/eap.
Dean Tribble, CEO of Agoric Systems, is available for interview on request
About Agoric
Agoric is a layer 1 blockchain for orchestration. In the fragmented blockchain landscape, Agoric brings orchestration to Web3 to solve the chain abstraction challenge and foster composability and true interoperability that unlock a new era of universal liquidity.
Agoric is the brainchild of renowned computer scientists, Dean Tribble and Mark Miller. Their groundbreaking work in secure computing and distributed systems laid the foundation for Agoric’s innovative technology.
For more information, users can visit Agoric’s: Official Website | Twitter (X) | Discord | Linkedin
Senior Consultant
Alissa Karpick
agoric@wachsman.com
Web3 refers to the next generation of the internet, emphasizing decentralized protocols and technologies, enabling peer-to-peer interactions without intermediaries.
Liquidity refers to how easily assets can be converted into cash without affecting their market price.
Composability in blockchain allows different protocols and applications to interact and build upon each other, creating a more integrated ecosystem.
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