Cryptocurrency is complicated and only getting more so.

New blockchains support a constant stream of new digital economies that didn’t exist just a few short years ago. The metaverse of cryptocurrencies, DApps, DEXs, NFT Marketplaces, and GameFi worlds continues to expand, and as it expands, it becomes increasingly difficult to find the most efficient path between them to transfer assets.

Enter MetaPath.

MetaPath bridges these blockchain silos, providing you a single access point to the crypto-metaverse. Whether you want to buy NFTs, trade across chains, or collect GameFi items, you can do it all on MetaPath.

MetaPath reduces the friction of interacting with cryptocurrencies, NFT Marketplaces, and GameFi platforms so you can easily transact and trade between them. As the metaverse expands ever outward, MetaPath unites the various platforms by building the infrastructure needed — both for new users and veterans— to easily access these new digital worlds.

What is MetaPath?

MetaPath is a metaverse aggregator. At its heart, it is a routing protocol giving you access to exchanges, NFT marketplaces, and GameFi platforms across a slew of blockchains, all in a single place. MetaPath automatically finds the most efficient paths for cross-chain transactions and reveals the fees involved so that you can make an informed decision on what path to choose.

It is like Google Flights — you could try on your own to find the best flights for you using the airline websites, but those websites are complicated, tough to navigate, and don’t allow you to easily compare with other airlines. You can also simply use an aggregator like Google Flights to easily search all of them at once.

MetaPath works the same way. It saves you time and allows you to make an informed decision for what path you want your transaction to take. It is possible to find your own route, but as the metaverse expands and gets more complicated, it can be harder and harder to know what exchanges or bridges you should use that would be most efficient. MetaPath automatically figures all of that out for you.

What MetaPath Does

By connecting major platforms, exchanges, and marketplaces, MetaPath allows users to swap any type of tokenized asset for another — whether those tokens are currencies, NFTs, or GameFi items.

MetaPath already connects the flagship DEXs on major chains including 1Inch, Uniswap, and Pancake Swap. It has started to integrate major NFT and GameFi marketplaces like Rarible, OpenSea, and Decentraland and will focus on integrating more of those types of marketplaces throughout 2022.

Key Features of the Protocol:

Cross-chain and Cross-Platform: Decentralized exchanges (DEXs) allow users only to swap tokens on a single blockchain. For example, PancakeSwap will let you trade a BEP-20 token with another BEP-20 token but not for one on Solana or Tron (unless you wrap the token first to turn it into a BEP token). DEX aggregators access multiple DEXs so that users can trade across a few different chains. MetaPath takes this to the next level.

MetaPath aggregates not only more DEXs than other aggregators but also includes NFT marketplaces and GameFi platforms like Decentraland and Axie Infinity, something other aggregators have struggled to do. It aggregates the aggregators and connects more of the metaverse than any other protocol to date. It helps eliminate the barriers between different blockchains by allowing users to access them more easily, making the crypto-metaverse easier to navigate for new users and experts alike.

NFT Integration: Given the explosive rise of NFTs, it is long past time that DEX aggregators integrated them into their ecosystems. That is exactly what MetaPath is doing.

With MetaPath, you can directly purchase NFTs with the tokens that you own. You don’t need to worry about what chain your currencies are on or what chain the NFTs are on, and you can see NFTs from multiple marketplaces in a single dashboard. By focusing on NFT integration, MetaPath makes them more convenient to buy and sell.

Gateway to GameFi: Another cryptocurrency sector experiencing exponential growth is play-to-earn (P2E) games, or “GameFi.” Gaming platforms like Decentraland and Axie Infinity act as the gateway for millions of people to the world of Web 3.0, and often feature NFTs in gameplay. As a result, integrating these GameFi marketplaces with other cryptocurrency marketplaces will be increasingly important to users.

MetaPath leads the way in uniting GameFi with the rest of cryptocurrency. Users who want to buy new gear, skins, or other in-game items can do so right on MetaPath, or import items both from and to the games they are starting to play.

Permissionless: Centralized exchanges (CEXs) like Binance or Kraken enforce KYC (Know Your Customer) processes before allowing users to access their platforms. That means they can freeze your funds and confiscate your assets or disclose them to unfriendly entities when forced to. They are also prime targets for hackers and, unfortunately, data breaches are not uncommon.

MetaPath, by contrast, does not require a KYC process for users. Built for Web 3.0, MetaPath is a permissionless, decentralized platform that is censorship-resistant and free from third-party control. Any user can access MetaPath and carry out transactions without being stopped by an unfriendly third party.

Powerful Liquidity Aggregator: MetaPath aggregates the flagship DEXs on several major blockchains, automatically providing the best trading route between them. MetaPath reveals the fees so that you can easily choose the most efficient route with the best rates.

How Does MetaPath Work?

MetaPath enables smart contracts to communicate with each other, regardless of what blockchain they are on, through MetaPath’s Routing Protocol and its Metaverse Cloud. MetaPath uses a Merkel tree system to communicate messages between different chains while ensuring their validity and integrity.

Learn more in our Litepaper and Gitbook.

Conclusion:

It is easy to feel lost in the world of cryptocurrency and Web 3.0. There is always a ton to learn and new projects being developed. For many, it seems impossible to keep up.

MetaPath makes crypto easier to navigate. You can trade across different chains and platforms in one place, letting MetaPath do all the research for you on what cross-chain route is best. This helps those new to cryptocurrency navigate this complicated world and simplifies life for crypto veterans who do not want to waste time finding the best routes themselves.

MetaPath also connects ecosystems that are typically not included in DEX aggregators, like NFT Marketplaces and GameFi platforms. By integrating these platforms with DEXs, MetaPath is building the infrastructure of the metaverse.

In the future, MetaPath will connect more and more blockchain ecosystems and marketplaces to help build a more user-friendly and integrated future for Web 3.0. The metaverse won’t be as overwhelming as it is now, because, to explore it, you will have a single, clear MetaPath.

If you transact crypto regularly, this is for you.

swft.pro

**Here’s a quick challenge: **Let’s say you have BNB tokens on Binance. Now you want to exchange them for FTT tokens (FTX’s token) and keep them in your FTX mobile wallet.

How would you do it?

Let me guess. You’re probably thinking about trading your BNB for a coin like Solana on Binance and sending it off to the FTX exchange. Then you’ll sell Solana for FTT and send it to your mobile wallet.

That’s how most people do it, and here’s the underlying problem:

Most exchanges will never list another exchange’s native token

Coinbase won’t list FTT and BNB.

Binance won’t list FTT and CRO (crypto.com coin).

When exchanges compete, converting one crypto into another becomes more inconvenient.

This is where “AllChain Bridge” comes into play.

SWFT AllChain Bridge is an instant cross-blockchain swap platform to swap cryptos in one swift transaction, even if the cryptos are on different chains, apps, or exchanges.

I mentioned this platform when I spoke about 4 crypto projects that will get mainstream attention soon, and now it’s time to take a closer look (because it’s solving a major blockchain problem).

defi.swft.pro

In a nutshell: Users can swap cryptos by connecting their browser or mobile wallet of choice, choosing the crypto to send from, selecting the crypto to receive, entering their receiving address, and clicking swap.

AllChain Bridge is a decentralized and centralized exchange (DEX & CEX) aggregator. It has a transfer protocol to source liquidity from pools across many DEXs and CEXs so users can interact with them in one interface.

If you had BNB tokens and wanted to swap it for Matic on the Polygon blockchain, AllChain Bridge would figure out the most convenient way to convert the tokens over and perform the transaction — You save time by not having to find DEXs capable of doing it with the lowest fees.

Most aggregators are DEX aggregators. AllChain Bridge’s benefit as a CEX aggregator gives it the luxury of swapping non-Ethereum compatible coins like Bitcoin, Ripple, and Cardano.

AllChain’s algorithm looks for the least inexpensive routing method to convert one asset to another.

In most cases, you’ll only be paying the network fee of the receiving coin and a 0.2% fee — This is still significantly lower than DEX aggregator swap rates, Uniswap fees, and exchange withdrawal fees. By holding AllChain’s native token, SWFTC, you’re entitled to receive 50% off AllChain’s swap fee.

Many Miners Secretly Use AllChain Bridge

Miners have to pay their bills in fiat. They’ll use a centralized exchange or an escrow platform to send profits to their bank account. But, after earning from mining activity, the last thing miners want is for their gains to fall because of transaction fees and swap fees.

The most rewarding mining opportunities are typically new projects, and new projects aren’t quickly listed on centralized exchanges straight away. So miners have to swap their token for something familiar — If it’s an ERC-20 token, they’ll have to pay around $100 for a swap and gas fees to send their coins to a centralized exchange. That’s about a $150 loss.

AllChain Bridge allows miners to escape the transactional matrix known for taking their time and reducing their earnings.

AllChain continuously lists new coins and has several browser wallet integrations — this increases the chances of miners swapping their coins into another that exists on the platform they use to withdraw crypto.

AllChain Bridge Is The Network For Blockchains To Exchange Value With Each Other

Interoperability is needed for future blockchain apps to create a seamless experience.

There’s an abundance of smart contract platforms, new blockchains, and side chains. If there isn’t an intermediary to bridge blockchain solutions together, an individualistic experience is promoted. And this goes against the foundation of web 3.0 — interconnectivity.

The Evolution of Blockchain Interoperability

• Layer 1: Centralized exchanges.

• Layer 2: Multi-crypto wallets, browser wallets, hardware wallets, and mobile wallets.

• Layer 3: Decentralized exchanges, semi-compatible chains, side chains, and DEX aggregators.

• Layer 4: DEX & CEX aggregators.

Blockchain interoperability is transforming the cryptocurrency space, and soon it will become a vital component for next-gen crypto apps.

AllChain Bridge’s transfer protocol represents the 4th layer in blockchain interoperability development. It’s the only bridging solution offering flexibility, efficiency, low fees, and many options.

The more you juggle with cryptos, the more you realize the importance of cross-chain transactions.

Apps that connect blockchains are in demand.

As of June 2021, 1inch claims to offer users access to over 50 liquidity sources on Ethereum, 20 on Binance Smart Chain, and 8 on Polygon. The list of DEXs it draws on includes the likes of Uniswap, 0x and Balancer, as well as 1inch’s own liquidity protocol, formerly known as Mooniswap.

1inch was founded by Sergej Kunz and Anton Bukov in 2019 during ETHNewYork’s hackathon. Since then, 1inch has raised about $15 million in funding from companies such as Binance Labs, Galaxy Digital and Pantera Capital. As of June 2021, 1inch’s exchange trades about $250 million a day.

How does 1inch work?

Say that you want to buy some Wrapped Bitcoin (a synthetic version of Bitcoin) using Ethereum on a decentralized exchange. Look at different DEXes and you’ll find that the prices vary, as do the fees.

1inch’s algorithm finds the cheapest way to place that trade using all the different exchanges and liquidity protocols that can facilitate this trade.

The cheapest way to place this trade may involve swapping your Ethereum between several different protocols and for several different currencies before it arrives at Wrapped Bitcoin. The advantage of doing this is that it may mean you can buy Wrapped Bitcoin at a cheaper price.

​How do you use 1inch?

In this short guide, Decrypt will show you how to place a trade on 1inch.

To start, let’s open up the main exchange page in a web browser and connect our browser-based Ethereum wallet. We opted for MetaMask, although others, such as Ledger, MyEtherWallet and WalletLink are also available.

We’d like to trade ETH for Wrapped Bitcoin, so we select ETH in the “pay” box and WBTC in the “receive” box.

Note that we will also need some ETH to pay the so-called “gas” fee—the network fee we must pay Ethereum miners for processing our transactions. So, let’s load our wallet up with ETH. To do so, we are transferring some ETH we had previously bought on Binance to our MetaMask wallet.

Then we enter some money and hit swap.

The price changed:

Click confirm, and that’s done!

The future

The future of 1inch depends on the future of decentralized finance. Decentralized exchanges are still expensive, slow and relatively insignificant compared to mighty centralized exchanges such as Binance. But with centralized exchanges suffering repeated bouts of downtime during periods of crypto price volatility, the appetite for DEXs is growing—and aggregators like 1inch are there to pick up the slack.

Some of the 1inch token supply is earmarked for development, which has seen the exchange integrate new liquidity protocols at a rapid clip. So long as the market doesn’t bottom out, there's no reason to suspect that the pace of development will slow any time soon.