Omnichain simplified: How to connect data and assets on blockchain

Entangle omnichain infrastructure introduces a versatile messaging infrastructure, bringing new standards in blockchain interoperability, seamless data access and liquidity enhancement for Web3.

As the blockchain landscape evolves into an increasingly complex ecosystem of interconnected networks, seamless communication and integration between networks becomes essential to decentralized applications (DApps) and services that seek to operate across multiple blockchains.

Developers who want to globalize Web3 are searching for a way to access authenticated, adaptable and interoperable data on blockchain.

After raising $4 million from prominent crypto venture capital funds, Entangle — an omnichain infrastructure focusing on blockchain scalability — aims to address the industry’s interoperability issues by offering a versatile messaging infrastructure that enables seamless integration across multiple blockchains. The platform allows for the secure and effortless exchange of data and assets across diverse networks.

Seamless Web3 integration

Entangle’s infrastructure introduces simplified scalability to the Web3 ecosystem through three foundational components: the Photon Messaging Protocol, Universal Data Feeds and Liquid Vaults.

• The Photon Messaging Protocol offers a secure and customizable communication layer for Ethereum Virtual Machine (EVM) and non-EVM networks. The protocol ensures the security of data transmission while providing flexibility in the adjustment of consensus parameters and key settings. It enables various use cases, such as managing omnichain assets, facilitating cross-chain swaps and establishing trustless bridges.
• Universal Data Feeds — a novel approach to blockchain oracle services — enhances data processing efficiency by incorporating embedded logic, enabling applications to operate more dynamically and responsively within the Web3 ecosystem. This infrastructure paves the way for diverse use cases, ranging from real-world assets (RWAs) and omnichain GameFi applications to asset pricing, loan collateralization and the native application of Liquid Vaults.
• Liquid Vaults, as the name suggests, seeks to enhance liquidity within the Web3 space. Users can create Composable Derivatives Tokens (CDTs) based on yield-bearing assets, augmenting liquidity and optimizing returns. CDTs are designed to be fully composable within the broader ecosystem, enabling seamless integration and interaction with other protocols and platforms.

An expansive blockchain ecosystem

Along with its foundational components, the Entangle ecosystem consists of a myriad of products and services aiming at addressing the needs of different stakeholders of the Web3 space:

• WebverseNFT transforms complex ideas into engaging narratives, combating Web3 community fragmentation with lore-driven NFT mechanics.
• e-Bridge is a fully composable omnichain trustless bridge facilitating secure token transfers across more than 14 networks through Burn and Mint or Lock and Unlock mechanisms.
• e-VRF enhances DApp engagement, fairness and security by generating verifiable random numbers, supporting on-chain gaming, speculation driven DApps and lottery systems.
• ZeroSum is a gaming infrastructure platform utilizing AI and smart contract technology for omnichain wagering and tournaments, aiming to shift the gaming experience from play-to-earn to compete-to-earn.
• Borpa Memetoken is a memetoken deployed omnichain with Liquid Vaults integration that appeals to both novices and veterans.
• SuperCharge DApp offers leveraged yield farming by utilizing Entangle’s Liquid Vaults for collateralizing yield positions.
• Yield Lottery DApp allows participants to enter an on-chain lottery with a portion of their yield with the goal of boosting liquidity.

Entangle’s core technologies create a robust framework that supports asset and information transfer while enhancing the liquidity and utility of blockchain data. Whether it involves enabling real-time data feeds across networks, simplifying cross-chain transactions or innovating in liquidity management, Entangle aims to tackle the needs of the decentralized world.

Strategic partnerships and token utility

Entangle’s growth and adoption are bolstered by strategic partnerships with major blockchains and over 75 DApps, spanning some of the most popular layer-1 and layer-2 networks, including Arbitrum, Polygon and BNB Chain. The broad range of integrations and partnerships across the blockchain space shows Entangle’s versatility and capacity to cater to a broad array of blockchain applications.

Complementing its technological framework is the NGL token, which plays a critical role in facilitating the Entangle infrastructure. The NGL token offers stakeholders a range of utilities, from staking mechanisms and transaction fee management to participation in governance, ensuring a vibrant ecosystem. Entangle has recently raised $1.45 million from public investors in its token sale, with a token generation event (TGE) slated for March 2024.

The Web3 space needs an integrated, efficient, scalable omnichain infrastructure to produce valid alternatives to traditional internet services. By addressing the challenges of interoperability and data accessibility, Entangle aims to help blockchain applications reach their full potential while opening up new avenues for innovation and collaboration.

Source: https://cointelegraph.com/news/omnichain-simplified-how-to-connect-data-and-assets-on-blockchain