Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Advertising and Sponsorship
    • Profile & Readership
    • Contact Us
    • Latest News
    • Privacy & Cookies Policies
    • Terms of Use
    • Advertising Terms
    • Issue 81
    • Issue 80
    • Issue 79
    • Issue 78
    • Issue 77
    • Issue 76
    • Issue 75
    • Issue 74
    • Issue 73
    • Issue 72
    • Issue 71
    • Issue 70
    • View All
    • About the Awards
    • Awards Timetable
    • Awards Winners
    • Submit Nominations
    • Testimonials
    • Media Room
    • FAQ
    • Asset Management Awards
    • Brand of the Year Awards
    • Business Awards
    • Cash Management Banking Awards
    • Banking Technology Awards
    • CEO Awards
    • Customer Service Awards
    • CSR Awards
    • Deal of the Year Awards
    • Corporate Governance Awards
    • Corporate Banking Awards
    • Digital Transformation Awards
    • Fintech Awards
    • Education & Training Awards
    • ESG & Sustainability Awards
    • ESG Awards
    • Forex Banking Awards
    • Innovation Awards
    • Insurance & Takaful Awards
    • Investment Banking Awards
    • Investor Relations Awards
    • Leadership Awards
    • Islamic Banking Awards
    • Real Estate Awards
    • Project Finance Awards
    • Process & Product Awards
    • Telecommunication Awards
    • HR & Recruitment Awards
    • Trade Finance Awards
    • The Next 100 Global Awards
    • Wealth Management Awards
    • Travel Awards
    • Years of Excellence Awards
    • Publishing Principles
    • Ownership & Funding
    • Corrections Policy
    • Editorial Code of Ethics
    • Diversity & Inclusion Policy
    • Fact Checking Policy
    Original content: Global Banking and Finance Review - https://www.globalbankingandfinance.com

    A global financial intelligence and recognition platform delivering authoritative insights, data-driven analysis, and institutional benchmarking across Banking, Capital Markets, Investment, Technology, and Financial Infrastructure.

    Copyright © 2010-2026 - All Rights Reserved. | Sitemap | Tags

    Editorial & Advertiser disclosure

    Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    1. Home
    2. >Technology
    3. >WEMIX introduces “unagi”: a new omnichain initiative that transcends blockchain boundaries
    Technology

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

    Published by Jessica Weisman-Pitts

    Posted on September 5, 2023

    4 min read

    Last updated: January 31, 2026

    Add as preferred source on Google
    An illustration depicting the WEMIX unagi initiative, showcasing the integration of multiple blockchains into a seamless omnichain network. This image highlights WEMIX's goal of fostering collaboration and overcoming integration challenges in the blockchain ecosystem.
    Visual representation of WEMIX's unagi initiative, illustrating blockchain integration - Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Tags:blockchaincrypto walletinnovationfinancial servicesCryptocurrencies

    WEMIX introduces “unagi”: a new omnichain initiative that transcends blockchain boundaries

    Seoul, South Korea, September 5th, 2023, Chainwire

    • Aims to create a vast ecosystem to drive common growth of global blockchains
    • Complete user-customized omnichain network to easily and conveniently utilize services across multiple blockchains
    • All platforms and dApps are connected as one with blockchains bringing complementary strengths to the ecosystem

    WEMIX has unveiled unagi, short for Unbound Networking & 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.

    Overcoming existing integration challenges

    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.

    Core Mechanism

    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.

    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.

    Connecting 8 major blockchains

    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.

    Core Applications

    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.

    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.

    • 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.
    • 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.
    • 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.

    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.

    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.

    Wemade showcases unagi at Korea Blockchain Week

    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 for more information.

    About WEMADE

    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.

    Contact
    Global PR
    Kevin Foo
    WEMIX
    kevin.foo@wemix.com

    Table of Contents

    • Overcoming existing integration challenges

    Frequently Asked Questions about WEMIX introduces “unagi”: a new omnichain initiative that transcends blockchain boundaries

    1What is an omnichain?

    An omnichain refers to a network that integrates multiple blockchain platforms, allowing seamless interaction and transactions across different chains, enhancing interoperability and user experience.

    2
  • Core Mechanism
  • Connecting 8 major blockchains
  • Core Applications
  • Wemade showcases unagi at Korea Blockchain Week
  • Contact
  • Global PR
  • Kevin Foo
  • WEMIX
  • kevin.foo@wemix.com
  • What is a decentralized wallet?

    A decentralized wallet is a type of cryptocurrency wallet that allows users to store and manage their digital assets without relying on a central authority, ensuring greater control and security.

    3What are decentralized applications (dApps)?

    Decentralized applications (dApps) are software applications that run on a blockchain network, allowing users to interact directly without intermediaries, often providing enhanced security and transparency.

    4What is gas fee delegation?

    Gas fee delegation is a feature that allows users to manage and allocate transaction fees across different blockchain networks, optimizing costs and improving transaction efficiency.

    5What is blockchain interoperability?

    Blockchain interoperability is the ability of different blockchain networks to communicate and interact with each other, facilitating the exchange of data and assets across platforms.

    More from Technology

    Explore more articles in the Technology category

    Image for Innovation Through Partnership: The Role of External Tech Teams
    Innovation Through Partnership: The Role of External Tech Teams
    Image for Nominations Open for Technology Awards 2026
    Nominations Open for Technology Awards 2026
    Image for Nominations Open for Innovation Awards 2026
    Nominations Open for Innovation Awards 2026
    Image for Archie earns industry recognition across G2, Capterra, and SoftwareReviews
    Archie Earns Industry Recognition Across G2, Capterra, and SoftwareReviews
    Image for The Bankaool Transformation: How a Regional Mexican Bank Became a Fintech Disruptor
    The Bankaool Transformation: How a Regional Mexican Bank Became a FinTech Disruptor
    Image for Submit Your Entry Today for Digital Banking Awards 2026
    Submit Your Entry Today for Digital Banking Awards 2026
    Image for Behavioral AI in Financial Services: Moving Beyond Automation Toward Human Understanding
    Behavioral AI in Financial Services: Moving Beyond Automation Toward Human Understanding
    Image for Submit Your Entry for Brand of the Year Awards Technology Bahrain 2026
    Submit Your Entry for Brand of the Year Awards Technology Bahrain 2026
    Image for Entries Now Open for Best Islamic Open Banking Burkina Faso APIs 2026
    Entries Now Open for Best Islamic Open Banking Burkina Faso APIs 2026
    Image for Entrepreneurial Discipline in the AI Economy: Insights from Dmytro Lavryniuk
    Entrepreneurial Discipline in the AI Economy: Insights From Dmytro Lavryniuk
    Image for Entries Now Open for Best New Digital Wallet Innovation Award 2026
    Entries Now Open for Best New Digital Wallet Innovation Award 2026
    Image for Call for Entries: Best Digital Wallet 2026
    Call for Entries: Best Digital Wallet 2026
    View All Technology Posts
    Previous Technology PostTon Foundation Founded in Switzerland as a Non-Profit Organization
    Next Technology PostBanks, Big Tech, and the Battle for Sme Lending: A New Role for eCommerce Data?