What is ZetaChain?
ZetaChain is the world’s firstandonly blockchain that connects everything. It facilitates cross-chain andcross-layer value transfer, message delivery, and smart contract calls — thus enabling for the firsttime omnichain dApps (odApps) which can leverage liquidity on multiple networks and read andupdate states onall connected networks.
There has been a cambrian explosion in crypto over the past few
years. As developers have created thousands of novel DeFi and NFT apps, there has been a surge of users who are experiencing crypto for the first time. However, the experience forboth developers and users has become suboptimal and this is especially truewhen it comes to supporting multiple networks (L1 blockchains like Ethereum and BSC and Layer 2 solutions like Polygon and Optimism) and moving assets across networks.
Developers looking to support multiple networks end up with the complexity of maintaining their dApps on multiple networks, eachwith their own challenges and limitations. At the same time, users looking toget the best yields and use different dApps end up using different bridges to move assets across networks. Eachof these bridges has their own custom wrapped tokens and trust models, which fragments liquidity and creates a confusing and costly user experience for users — multiple interfaces, paying for multiple transactions, and so on. Although many projects are working towards interoperability, the ecosystem has grown more fragmented than ever.
They are building ZetaChain to resolve these growing issues, and drive a paradigmatic shift in how developers and users use crypto.