With interoperability as the theme, there have been innovation like Decubate and Wormhole in the recent past. However it is Omni Network which has caught my attention this time. The Omni Network is a blockchain platform designed to enhance interoperability between Ethereum's Layer 2 scaling solutions, known as rollups, thus streamlining the development and functionality of dApps built on Ethereum.
The network utilizes a dual token system consisting of restaked ETH and its native $OMNI token. The $OMNI token plays a crucial role in network governance, fee payments, and rewarding node operators.
The project has garnered interest from major investment firms like Coinbase Ventures, Spartan Group, and others, securing over $18.1 million from them and boasts a team with experience in the blockchain industry.
While still in its early stages, Omni Network presents a novel approach to addressing fragmentation within the Ethereum rollup ecosystem. By securing a listing from Tier-1 CEX like Bitget the community is likely to see more exposure and potential investors in the coming days.
How unique is the project by Omni Network? Do you think it will be here for the long run?
