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Agoric Unveils Orchestration for Next-Generation Web3 Applications – Blockchain News, Opinion, TV and Work
San Francisco, USA / California, July 10, 2024, Chainwire
Revolutionizing multi-blockchain coordination with seamless user interactions
Agorica layer-1 blockchain designed for chain abstraction, today announced the launch of its Orchestration API. With this new toolset, developers can build next-generation 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 seamlessly distribute their liquidity and access multiple blockchains.
With over $2 trillion in liquidity fragmented across multiple blockchains and their ecosystems (Ethereum, Solana, L2, L3, app-chain, sovereign rollup, subnets, and more), users are too often left with complex and arduous experiences in Web3. Many have attempted to address this fragmentation problem 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 require multiple user actions and signatures, leaving crypto assets trapped in isolated silos.
Orchestration is a game changer for multi-chain use cases:
- For usersOrchestration enables a true abstraction of the chain: the experiences that traverse the chains have the simplicity they require.
- For developers, Orchestration provides cross-chain programmability through a multi-block execution environment and simple JavaScript APIs to manage accounts and assets across remote chains.
- For the Web3 ecosystemOrchestration provides composability across protocols to unlock liquidity, independent of the native chain.
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 the simplest tasks require too many actions and too much meticulous expertise from users. Agoric Orchestration offers unique technology to developers so they can bring their applications to the next generation of Web3.”
Cross-chain trading terminal Calypso will leverage Agoric Orchestration to launch their staking widget. With a single click, users can stake on any IBC-enabled chain from almost any starting token (ETH, SOL, etc.). Normally, this cross-chain staking process might take the user six separate steps, including multiple signatures, but with Agoric Orchestration, it’s just 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 streamline incredibly time-consuming and frustrating DeFi tasks into a one-click experience that both new and experienced DeFi users will greatly appreciate.”
Builders ready to orchestrate multi-chain can apply for Agoric’s Early Access Program, which offers 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 interviews upon 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 promote composability and true interoperability that unlock a new era of universal liquidity.
Agoric is the brainchild of renowned computer scientists Dean Tribble and Miller scoresTheir pioneering work in secure computing and distributed systems laid the foundation for Agoric’s groundbreaking technology.
For more information, users can visit the Agoric website: Official site | Tweet (X) | Discord | Linkedin
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