Omni Network is a global and programmable interoperability layer for Ethereum. The platform’s infrastructure aims to simplify the developer experience for developing secure, cross-rollup applications in the Ethereum ecosystem that is increasingly becoming fragmented. With the launch of layer 2 rollups that scale The Ethereum chain, a lot of problems have been solved among them, cheap and secure transactions. However this achievement has come at the cost of fragmentation as users, their capital and applications are dispersed across an array of rollup solutions. Omni is therefore aiming to fix this problem of dispersed fragmentation.
Omni Network has recently secured $18 million in an undisclosed funding round. Several venture capitals participated in this funding round including Pantera Capital, Two Sigma Ventures, Jump Crypto, Hashed and The Spartan Group among other investment firms. In addition, omni has announced its core technology partner, EigenLayer as well as its first rollup teams including Artbitrum, oxPolygonLabs, StarkWare Ltd, Scroll Network and Linea Build.
Ethereum is a modular blockchain meaning it is comprised of modules with different functions that can be added as needed. As opposed to Monolithic chains, modular chains have the ability to scale as needed through layer 2 rollups that are specifically suited to meet specific demands such as transaction validation, providing security and transaction ordering and execution among many others. With these numerous advantages comes one downside which is the fragmentation of applications, users and their data or assets across multiple applications and rollup networks on the Ethereum ecosystem.
Omni is therefore coming in as a respite for modular networks. With its infrastructure, omni is the key to Ethereum’s modular structure. Its solutions can provide programable interoperability that derives security from Ethereum itself. The firm prides itself in spurring the united future of Ethereum where developers can build applications across all rollup networks without fragmenting liquidity, the most important utility in a blockchain in the current bear market conditions.
Omni has a bold vision to establish a new precedent in cryptographic design by combining multiple novel innovations into a single unified platform that can give birth to the next generation of Modular blockchains.
