Owlto Finance is a cross-rollup bridge focused on Layer2, providing a low-cost, secure, and fast asset transfer solution. It supports asset transfers between networks such as Ethereum, Arbitrum One, Arbitrum Nova, Optimism, StarkNet, zkSync, Base, Linea, Polygon zkEVM, Taiko, Scroll, opBNB, BNB Chain, Zora and other famous L2s, allowing users to freely transfer assets between different networks.
Category
Surprise Us 🤫
Timeline
Mar, 2023: Started program
Apr 27th, 2023: launched testnet
May 27th, 2023: partnered with Scroll
Jun 9th, 2023: launched mainnet
Jul 12nd, 2023: partnered with Linea
Jul 20th, 2023: partnered with OKX
Jul 21st, 2023: partnered with TokenPocket
Jul 27th, 2023: partnered with Taiko
Jul 28th, 2023: partnered with Bitkeep
Jul 30th, 2023: partnered with Arbitrum
Aug 16th, 2023: partnered with zkSync
Aug 25th, 2023: partnered with Optimism
Project Plan
Owlto is a solution that achieves cross-chain asset interoperability on the Ethereum blockchain by connecting different Layer 2 scaling solutions. Here is Owlto's roadmap:
Phase 1: Product Release The first generation of Cross-Rollup bridge products will be launched, supporting asset interoperability between different Layer2 networks. This will include the design and development of the frontend user interface, the deployment and upgrade of smart contracts, and the implementation of asset mapping and cross-chain verification. The product will provide users with a simple, secure, and efficient asset interoperability experience, promoting asset flow and interoperability between different Layer2 networks in the Ethereum ecosystem.
Phase 2: Community Building After the release of Owlto, the work on ecosystem expansion and community building will continue. This will include continuous improvement of product features, enhancement of user experience, and promotion of more Layer 2 scaling solution providers to join. Owlto aims to support almost all Optimistic Rollup and Zk Rollup networks' cross-chain needs, promoting more asset flow and interoperability. Meanwhile, ongoing security audits and risk management will be conducted to promote community building, attract more developers and users to participate in the development and application of Owlto products, and promote community co-construction, co-governance, and sharing.
Phase 3: Ecosystem Expansion After Owlto's products mature and gain widespread application, the next step will be to expand its application scenarios within the ecosystem. This will include in-depth cooperation with DeFi, NFT, gaming, cross-chain payment, and other fields. By collaborating with partners from different fields, Owlto will be promoted and applied in different application scenarios, promoting asset flow and interoperability across different chains and providing users with more convenient and flexible asset management and usage methods.
Phase 4: Technological Innovation With the continuous development and innovation of blockchain technology, Owlto needs to keep up with the times and innovate constantly. This will include the continuous optimization and improvement of existing protocols and technologies, the development and application of new technologies and solutions, to provide a more efficient, secure, and scalable Owlto that meets the changing market demands.
Phase 5: Global Promotion As Owlto continues to develop and mature, it will further promote globalization. This will include market promotion, community building, and partner expansion in different countries and regions to promote Owlto's widespread application and promotion globally, promoting asset interoperability and flow worldwide.
In addition to the Layer2 Cross-Rollup bridge, the Owlto team will also design and develop cross-token transfer and cross-address transfer functionalities to further enhance Owlto's application value in the cross-chain field. Specifically, these functionalities will include the following:
Cross-token transfer: Users can seamlessly transfer different tokens across different chains, enabling cross-chain asset transfers. For example, USDT held on Ethereum can be transferred to the Arbitrum or Optimism network, where it can be used or traded.
Cross-address transfer: Users can transfer assets between different addresses on the same chain, making it easier for them to manage their assets. For example, ETH held on Ethereum can be transferred from one address to another.
Currently, Owlto supports Ethereum, Arbitrum One, Arbitrum Nova, Optimism, zkSync, StarkNet, Linea, Base, Scroll, Taiko, Polygon zkEVM, opBNB and BNB chain networks, with supported tokens including ETH, USDT, USDC and BNB, among others. In the future, the Owlto team will continue to optimize cross-chain technology, support more chains and token types, to meet the growing needs of users.
Project Impact
The Owlto project, with its cross-rollup bridge for asset interoperability between Layer 2 networks, holds the potential to bring significant benefits to both the blockchain community and its target audience. Here's how the project's phases and objectives can address existing challenges and provide advantages:
Asset Interoperability:
Problem: The fragmentation of blockchain networks and Layer 2 solutions often hinders the seamless movement of assets between different platforms.
Solution: Owlto's cross-rollup bridge tackles this problem by enabling efficient and secure asset interoperability across various Layer 2 networks within the Ethereum ecosystem.
Improved User Experience:
Problem: Users often face complexity and friction when trying to move assets between different networks, leading to usability issues.
Solution: Owlto's user-friendly interface and simplified asset transfer process enhance the overall user experience, making it easier for both novice and experienced users to manage their assets.
Ecosystem Growth:
Problem: The lack of seamless asset transfer mechanisms limits the growth and potential of various blockchain ecosystems.
Solution: Owlto's ability to facilitate asset flow between different sectors like DeFi, NFTs, gaming, and more can lead to increased innovation and activity within these fields, fostering ecosystem expansion.
Community Engagement:
Problem: Community involvement is crucial for a project's success, but it can be challenging to attract and retain active contributors.
Solution: Owlto's focus on community building, governance participation, and collaborative development can draw in developers, users, and stakeholders, fostering a vibrant and engaged community.
Cross-Chain Benefits:
Problem: Cross-chain communication and interoperability are essential for the broader adoption of blockchain technology.
Solution: Owlto's cross-rollup bridge not only enhances interoperability between Layer 2 networks but also contributes to the broader goal of cross-chain asset flow and interaction.
Security and Trust:
Problem: Security risks are a significant concern in the blockchain space, and any solution must prioritize the protection of user assets.
Solution: Owlto's continuous security audits and risk management practices ensure that user assets remain safe during the interoperability process, promoting trust within the community.
Global Accessibility:
Problem: Many blockchain solutions remain localized and struggle to expand beyond specific regions or communities.
Solution: Owlto's global promotion efforts enable it to reach users and partners in various countries and regions, fostering a more widespread adoption of the platform.
In summary, the Owlto project addresses the pressing issues of asset interoperability, usability, and ecosystem growth within the blockchain community. By providing a seamless, secure, and user-friendly solution for moving assets between different Layer 2 networks, Owlto contributes to the advancement of blockchain technology and the wider adoption of decentralized applications. It empowers users, developers, and stakeholders to collaborate, innovate, and create a more interconnected and accessible blockchain ecosystem.
Team Information
Marco: product
-10 years of experience in blockchain
kai: Developer
-5 years of experience in blockchain
krystvl: Head of BD
-5 years of experience in web3.
Lee: director of operations
-5 years of experience in web3,
win: Marketing
-3 years of experience in web3
Project Description
Owlto Finance is a cross-rollup bridge focused on Layer2, providing a low-cost, secure, and fast asset transfer solution. It supports asset transfers between networks such as Ethereum, Arbitrum One, Arbitrum Nova, Optimism, StarkNet, zkSync, Base, Linea, Polygon zkEVM, Taiko, Scroll, opBNB, BNB Chain, Zora and other famous L2s, allowing users to freely transfer assets between different networks.
Category
Surprise Us 🤫
Timeline
Mar, 2023: Started program Apr 27th, 2023: launched testnet May 27th, 2023: partnered with Scroll Jun 9th, 2023: launched mainnet Jul 12nd, 2023: partnered with Linea Jul 20th, 2023: partnered with OKX Jul 21st, 2023: partnered with TokenPocket Jul 27th, 2023: partnered with Taiko Jul 28th, 2023: partnered with Bitkeep Jul 30th, 2023: partnered with Arbitrum Aug 16th, 2023: partnered with zkSync Aug 25th, 2023: partnered with Optimism
Project Plan
Owlto is a solution that achieves cross-chain asset interoperability on the Ethereum blockchain by connecting different Layer 2 scaling solutions. Here is Owlto's roadmap:
Phase 1: Product Release The first generation of Cross-Rollup bridge products will be launched, supporting asset interoperability between different Layer2 networks. This will include the design and development of the frontend user interface, the deployment and upgrade of smart contracts, and the implementation of asset mapping and cross-chain verification. The product will provide users with a simple, secure, and efficient asset interoperability experience, promoting asset flow and interoperability between different Layer2 networks in the Ethereum ecosystem.
Phase 2: Community Building After the release of Owlto, the work on ecosystem expansion and community building will continue. This will include continuous improvement of product features, enhancement of user experience, and promotion of more Layer 2 scaling solution providers to join. Owlto aims to support almost all Optimistic Rollup and Zk Rollup networks' cross-chain needs, promoting more asset flow and interoperability. Meanwhile, ongoing security audits and risk management will be conducted to promote community building, attract more developers and users to participate in the development and application of Owlto products, and promote community co-construction, co-governance, and sharing.
Phase 3: Ecosystem Expansion After Owlto's products mature and gain widespread application, the next step will be to expand its application scenarios within the ecosystem. This will include in-depth cooperation with DeFi, NFT, gaming, cross-chain payment, and other fields. By collaborating with partners from different fields, Owlto will be promoted and applied in different application scenarios, promoting asset flow and interoperability across different chains and providing users with more convenient and flexible asset management and usage methods.
Phase 4: Technological Innovation With the continuous development and innovation of blockchain technology, Owlto needs to keep up with the times and innovate constantly. This will include the continuous optimization and improvement of existing protocols and technologies, the development and application of new technologies and solutions, to provide a more efficient, secure, and scalable Owlto that meets the changing market demands.
Phase 5: Global Promotion As Owlto continues to develop and mature, it will further promote globalization. This will include market promotion, community building, and partner expansion in different countries and regions to promote Owlto's widespread application and promotion globally, promoting asset interoperability and flow worldwide.
In addition to the Layer2 Cross-Rollup bridge, the Owlto team will also design and develop cross-token transfer and cross-address transfer functionalities to further enhance Owlto's application value in the cross-chain field. Specifically, these functionalities will include the following: Cross-token transfer: Users can seamlessly transfer different tokens across different chains, enabling cross-chain asset transfers. For example, USDT held on Ethereum can be transferred to the Arbitrum or Optimism network, where it can be used or traded. Cross-address transfer: Users can transfer assets between different addresses on the same chain, making it easier for them to manage their assets. For example, ETH held on Ethereum can be transferred from one address to another. Currently, Owlto supports Ethereum, Arbitrum One, Arbitrum Nova, Optimism, zkSync, StarkNet, Linea, Base, Scroll, Taiko, Polygon zkEVM, opBNB and BNB chain networks, with supported tokens including ETH, USDT, USDC and BNB, among others. In the future, the Owlto team will continue to optimize cross-chain technology, support more chains and token types, to meet the growing needs of users.
Project Impact
The Owlto project, with its cross-rollup bridge for asset interoperability between Layer 2 networks, holds the potential to bring significant benefits to both the blockchain community and its target audience. Here's how the project's phases and objectives can address existing challenges and provide advantages:
Asset Interoperability: Problem: The fragmentation of blockchain networks and Layer 2 solutions often hinders the seamless movement of assets between different platforms. Solution: Owlto's cross-rollup bridge tackles this problem by enabling efficient and secure asset interoperability across various Layer 2 networks within the Ethereum ecosystem.
Improved User Experience: Problem: Users often face complexity and friction when trying to move assets between different networks, leading to usability issues. Solution: Owlto's user-friendly interface and simplified asset transfer process enhance the overall user experience, making it easier for both novice and experienced users to manage their assets.
Ecosystem Growth: Problem: The lack of seamless asset transfer mechanisms limits the growth and potential of various blockchain ecosystems. Solution: Owlto's ability to facilitate asset flow between different sectors like DeFi, NFTs, gaming, and more can lead to increased innovation and activity within these fields, fostering ecosystem expansion.
Community Engagement: Problem: Community involvement is crucial for a project's success, but it can be challenging to attract and retain active contributors. Solution: Owlto's focus on community building, governance participation, and collaborative development can draw in developers, users, and stakeholders, fostering a vibrant and engaged community.
Cross-Chain Benefits: Problem: Cross-chain communication and interoperability are essential for the broader adoption of blockchain technology. Solution: Owlto's cross-rollup bridge not only enhances interoperability between Layer 2 networks but also contributes to the broader goal of cross-chain asset flow and interaction.
Security and Trust: Problem: Security risks are a significant concern in the blockchain space, and any solution must prioritize the protection of user assets. Solution: Owlto's continuous security audits and risk management practices ensure that user assets remain safe during the interoperability process, promoting trust within the community.
Global Accessibility: Problem: Many blockchain solutions remain localized and struggle to expand beyond specific regions or communities. Solution: Owlto's global promotion efforts enable it to reach users and partners in various countries and regions, fostering a more widespread adoption of the platform.
In summary, the Owlto project addresses the pressing issues of asset interoperability, usability, and ecosystem growth within the blockchain community. By providing a seamless, secure, and user-friendly solution for moving assets between different Layer 2 networks, Owlto contributes to the advancement of blockchain technology and the wider adoption of decentralized applications. It empowers users, developers, and stakeholders to collaborate, innovate, and create a more interconnected and accessible blockchain ecosystem.
Team Information
Marco: product -10 years of experience in blockchain kai: Developer -5 years of experience in blockchain krystvl: Head of BD -5 years of experience in web3. Lee: director of operations -5 years of experience in web3, win: Marketing -3 years of experience in web3
Point of Contact
tg:@Krystalhk |email: owlto.finance@gmail.com
Previous Work
No response
Additional Information
Owlto Finance Pitch Book for you.pptx
Agreement