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Title 1: WEMIX Introduces Unagi: Revolutionizing Blockchain Ecosystems
[Press Release – Seoul, South Korea, September 5th, 2023]
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.
Title 2: Unagi: The Future of Blockchain Integration and Asset Management
With the increasing diversity and number of emerging blockchains, the need for an omnichain ecosystem that seamlessly integrates and connects multiple networks becomes crucial. Introducing unagi by WEMIX, a revolutionary initiative that aims to construct an all-encompassing ecosystem, transcending the limitations of diverse blockchains. Unagi fosters an environment where these blockchains coexist harmoniously, bringing complementary strengths to the ecosystem.
Unagi Overcomes Existing Integration Challenges
Unagi, proposed by the WEMIX Foundation, marks a turning point in blockchain integration. It accelerates the mass adoption of blockchain by seamlessly integrating diverse blockchains and services. Unagi addresses the challenges that arise during chain interactions, providing users with a seamless immersion into a wide array of blockchain experiences. Users can transcend the boundaries between chains and experience integrated transactions and comprehensive asset management.
The Core Mechanism of Unagi
At its core, unagi utilizes a messaging protocol known as unagi(x) to accomplish a highly accessible omnichain. This protocol supports both on-chain and off-chain messaging, surmounting the computational limitations associated with specific blockchains. Decentralized validation ensures swift and secure transactions across heterogeneous chains, whether on-chain or off-chain. Unagi enhances various aspects of blockchain activity, such as optimal route discovery for dApps, fee reduction, and gas fee delegation services.
Connecting Major Blockchains
Unagi initially supports EVM networks and plans to expand compatibility to non-EVM environments in the future. This reduces entry barriers and enables the utilization of existing smart contracts. Unagi connects an initial group of 8 major blockchains, including Arbitrum, Avalanche, BNB Smart Chain, Ethereum, Kroma (WEMIX L2 project), Optimism, Polygon, and WEMIX3.0.
Core Applications of Unagi
Unagi’s core functionalities are accessible through the una Wallet. This secure and speedy wallet authentication service allows users to manage assets of various chains as if they were stored in a single wallet. Unagi Swap provides high liquidity, stability, and low fees using cross-chain protocols, enabling users to access dApp services at the lowest cost. Unagi Scan allows easy and direct access to transaction histories of various chains, recording and searching transactions occurring on and between chains.
Unagi’s Future and Wemade’s Showcase
Unagi not only delivers user convenience but also provides support for partners and dApp builders through a Standard SDK/API for efficient development of services. This creates an environment where blockchain services and assets become interwoven within a single massive ecosystem, facilitating cross-chain transactions. Experience unagi in-person at the Wemade booth during Korea Blockchain Week 2023 or visit unagi’s official website for more information.
About WEMADE
Korea-based WEMADE is a renowned industry leader in game development with over 20 years of experience. Through its subsidiary, WEMIX, WEMADE aims to accelerate the mass adoption of blockchain technology and build a service-oriented mega-ecosystem. This ecosystem offers a wide range of intuitive, convenient, and easy-to-use Web3 services. Learn more about WEMADE at www.wemix.com/communication.