Dubai, UAE, November 7th, 2024,
Chainwire
Enabling Seamless, Web2-Like Experiences Across All
Chains
Socket and NEAR Protocol are excited
to announce the launch of the Chain Abstraction Framework for
Consumer Apps, a groundbreaking solution designed to simplify chain
interactions. The framework delivers web2-like simplicity by
eliminating the fragmented and cumbersome user experience currently
associated with web3 apps.
According to the team, today’s onchain experience is
complicated: users have multiple wallets, pay expensive gas fees,
and fragmented assets across various chains. Users want their apps
to work seamlessly with any asset, without complex processes.
With this new framework, developers can provide one unified
balance, frictionless transactions, and invisible blockchain
infrastructure—removing gas fees, bridging complexities, and
fragmented wallets.
This is key for consumer apps to thrive.
What is the Chain Abstraction Framework?
The Chain Abstraction Framework leverages NEAR and Socket to
offer true chain abstraction. This enables:
- Users access all their assets in one place, regardless of the
chain.
- Interact across EVM, non-EVM, L2s, L3s, and other alt L1s
through a single wallet without requiring gas tokens or
bridges.
- Empower developers to focus on user experience, not
infrastructure.
Apps can now execute any multichain logic within their smart
contracts on NEAR, enabling smooth transactions without worrying
about asset location or crosschain complexities. More importantly,
they can leverage the ability to spend the chain abstracted balance
anywhere to unlock new use cases never done before.
With user balances enabled for transactions across any chain,
the application can seamlessly operate on multiple chains. Apps can
use various chains as their execution environments while hosting
their multichain logic on NEAR. This setup allows apps to be
present on one or multiple chains without the need for bridges,
crosschain complexities, or other technical hurdles.
This opens the door to a new wave of applications with
unprecedented functionality and scope such as chain abstracted
wallets, DEXs, and more.
“The future belongs to apps that make web3 feel like
magic. With NEAR and Socket’s Chain Abstraction Framework, users
can interact with any app on any chain as if all assets were native
to one system,” said Socket's Cofounder, Rishabh.
Developer Resources & How to Get
Started
The Chain Abstraction Framework opens up limitless opportunities
for consumer apps to offer intuitive and frictionless web3
experiences. Developers can now build crosschain applications
without worrying about infrastructure and gas fees.
Users that are interested in building with the Chain Abstraction
Framework can contact them here: https://forms.gle/8hgm4miEyEcaBc8x5
About NEAR Protocol
NEAR powers a chain abstraction stack designed to help
developers build apps that scale across billions of users and
multiple blockchains.
To Learn more: https://near.org
About Socket Protocol
Socket Protocol is the industry’s first Chain
Abstraction Protocol, providing a modular, composable stack to
enable chain abstracted applications.
To Learn more: https://www.socket.tech
Contact
Content Lead
Lia
Savillo
Socket
lia@socket.tech