Outlier Ventures: Why We're Excited About Cross-Chain Pioneer Wormhole?
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Outlier Ventures: Why We're Excited About Cross-Chain Pioneer Wormhole?
The essence of cross-chain reality lies in the promise of choice and flexibility it provides.
Navigating Web3 tides with focused insightsAuthor: Jasper De Maere
Compiled by: TechFlow
Wormhole is a pioneering cross-chain messaging protocol that enables the transfer of assets and data across various blockchains. Its architecture relies on Guardians to secure the network, ensuring transaction integrity and preventing potential attacks.
Wormhole's design emphasizes four core principles:
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Robust security;
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High scalability to accommodate surges in user demand;
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User-friendly interfaces for both developers and end users;
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Versatility in handling various assets and data, ranging from tokens and NFTs to smart contract information.
For Web3 founders, Wormhole offers a powerful toolkit to enhance cross-chain interoperability. This includes facilitating cross-chain asset transfers, enabling the development of decentralized applications (DApps) across multiple blockchains, and promoting cross-chain data sharing. In essence, Wormhole is seen as a potential game-changer in how users and developers interact with diverse blockchains within the evolving web3 landscape.
Why Cross-Chain?
Cross-chain capabilities are considered a key aspect of Web3’s future, primarily because they unlock the full potential of decentralized technologies. Through cross-chain bridging, users gain broad access to vast assets and applications across multiple blockchains, leveraging the unique strengths of each platform. This not only amplifies liquidity—enabling better pricing and lower fees—but also significantly enhances scalability by distributing transaction loads across multiple chains.
The essence of the cross-chain reality lies in its promise of choice and flexibility. Users can seamlessly select and switch between blockchains tailored to their needs, while developers are empowered to create innovative applications that leverage the diverse advantages of multiple blockchains. Fundamentally, cross-chain dynamics foster growth, innovation, and competition across blockchains, laying the foundation for a vibrant and multifunctional web3 ecosystem.
What Excites Us?
Between Wormhole’s messaging, connectivity, and gateway offerings, numerous applications and web3 solutions can leverage Wormhole’s product suite to build innovative solutions across different verticals.
We’re looking for any interesting solutions utilizing cross-chain interoperability, but we are particularly excited about:
Cross-Chain Liquidity — Addressing fragmentation in DeFi liquidity and governance, as protocols deploy these independently across chains.
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Solutions supporting cross-chain liquidity management, shared clearing, and unified governance;
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Solutions and SDKs helping AMMs perform cross-chain arbitrage and provide liquidity.
Cross-Chain Infrastructure, Data, and Payments — Building "non-core" DeFi use cases as protocols focus on enhanced utility and abstraction.
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Creating data infrastructure for a unified cross-chain price feed between (non-)crypto-native assets (tokens, ETFs, securities, forex, RWAs);
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Solutions and SDKs enabling users, merchants, and developers to expand cross-chain payment infrastructure.
Cross-Chain Decentralized Identity — Focusing on compliance-first solutions involving proof of identity during participation.
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Cross-chain DID solutions addressing operational friction across chains;
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Institution-grade cross-chain privacy solutions allowing these players to leverage cross-chain liquidity.
We believe continuous innovation in cross-chain interoperability is crucial for building the future of Web3 and the open metaverse. Seamless interconnectivity expands access to diverse assets and applications, amplifies liquidity, and optimizes the overall user experience across decentralized environments. We are excited to leverage our experience across different ecosystems and begin accelerating companies that utilize Wormhole’s industry-leading interoperability capabilities, unveiling the next chapter of Web3’s cross-chain future.
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