The enterprise capitalist arm of the world’s largest crypto change by quantity says that it’s investing right into a modular Cosmos (ATOM)-based layer-1 challenge.
In a brand new weblog publish, Binance Labs says it’s investing an unspecified quantity into Particle Community as a way of addressing consumer and liquidity fragmentation, which is when out there buying and selling quantity is unfold out over a number of networks, leading to splintered liquidity swimming pools.
“The variety of blockchain networks is quickly rising, with a rising proliferation of layer-1 and layer-2 chains throughout varied ecosystems. This chain-dense strategy to scalability results in extremely fragmented consumer bases and liquidity, leading to poor consumer and developer experiences alongside important friction/prices.
Particle Community is a modular Layer 1 blockchain that gives Chain Abstraction infrastructure to deal with liquidity and consumer fragmentation in a multi-chain world. They obtain this by 4 core options, particularly Common Accounts, Common Liquidity, Common Gasoline, and the Particle layer-1 chain.”
Particle Community would enable clients to have a single consumer account and stability throughout all blockchains, ridding the necessity to manually bridge crypto property.
In keeping with the press launch, Particle Community’s mainnet will launch someday later this 12 months, its mission being to unify the Web3 house seamlessly.
As acknowledged by Yi He, co-founder of Binance and Head of Binance Labs,
“Binance Labs is dedicated to supporting founders who’re constructing modern merchandise to onboard the subsequent billion customers into Web3. We sit up for supporting Particle Community of their mission to create a smoother and extra intuitive consumer expertise for on a regular basis customers.”
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