Multiple Chains

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To be summarized:

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Citations

1. https://www.securities.io/investing-in-multichain
2. https://www.sygnum.com/future-finance/crypto/the-investment-case-for-a-multi-chain-web3-ecosystem
3. https://www.cryptoeq.io/articles/multichain
4. https://medium.com/@kavinbala88838/multi-chain-nft-marketplace-how-to-launch-your-nft-marketplace-on-different-chains-39c9b621d330
5. https://medium.com/origintrail/multichain-decentralized-knowledge-graph-ai-grade-knowledge-assets-hub-on-the-origintrail-c44b5d44a16
6. https://li.fi/knowledge-hub/why-multi-chain-why-now
7. https://www.bitget.com/blog/articles/bitget-becomes-first-cex-to-support-multi-chain-evm-compatible-address
8. https://zerocap.com/research-lab/multichain-token-setup-quantblock
9. https://blog.cryptostars.is/multi-chain-defi-development-d10d46c0dcb3
10. https://moonbeam.network/blog/multichain-connected-contracts-dapps
11. https://snapshot.org/#/strategy/multichain
12. https://www.enter.blog/@enter/multi-chain-pros-and-cons
13. https://www.alchemy.com/overviews/cross-chain-vs-multichain

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Points:

1. Multichain targets some pain points in the market. The protocol helps to fight centralization through its bridge protocols.
2. the aim of creating a more interconnected and versatile ecosystem.
3. The future of smart contract interoperability is expanding on Moonbeam’s ecosystem via connected contracts, which allow data and liquidity to seamlessly cross between networks.
4. Axelar’s General Message Passing (a cross-chain message passing) protocol.
5. with the market structure rapidly evolving into a multi-chain landscape, dApps need to adapt and innovate quickly.
6. Cross-chain becomes possible thanks to cross-chain bridges and interoperability protocols like Ren Protocol, Multichain, and Connext, who have pioneered the concept of xCalls - the ability to call smart contracts across chains in a secure way.
7. The term multichain refers to decentralized applications that have been deployed across multiple blockchains that share similar smart contract technology.
8. Finding the right blockchain for you, whether you’re a builder of a Web3 project or a crypto investor, can be a hassle.
9. it will turn out to be a growth limiting factor or even a security concern.
10. utilizing a multi-chain strategy usually entails increased complexity.
11. if you’re approaching your growth ceiling on one chain, expanding to multiple chains can gain you more exposure, security and flexibility.
12. It’s important to note that there are derivative risks associated with deploying a multi-chain strategy.
13. One of the main advantages of Multichain is that traders can now enjoy a more streamlined experience with zero slippage.
14. By enabling diverse blockchains to communicate with each other Multichain empowers developers and users to create more powerful Dapps.
15. The Multichain wallet makes it simple to control, protect, and monitor your digital assets. The wallet is non-custodial in nature so you're never separated from your crypto. Additionally, it’s free to download and use.

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Reference: https://medium.com/@kavinbala88838/multi-chain-nft-marketplace-how-to-launch-your-nft-marketplace-on-different-chains-39c9b621d330

Standpoints:

1. As all of you know, there are various blockchain networks. These blockchains are further developed than one another somehow or another or the other.
2. As we have examined the different blockchain networks, presently it is the right time to be familiar with fostering a multi-chain NFT commercial center.
3. The Multi-chain NFT stage is tied in with utilizing more than one blockchain network.

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Main Points

1. At the highest level, the term “multi-chain” simply refers to the ecosystem of hundreds of blockchains that exist today. However, the term is used most frequently to describe applications that launch on multiple blockchains, widely known as “multi-chain applications.”
2. Multi-chain applications are needed because decentralized applications (dApps) that exist solely on one blockchain may be missing out on millions of users on another blockchain.

Link:: https://blog.chain.link/multi-chain/

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Takeaways:

1. reference object layer
2. token properties layer
3. token distribution layer
4. realizable value layer

Link:

1. https://www.emerald.com/insight/content/doi/10.1108/INTR-08-2022-0666/full/html

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The cross-chain NFT

Takeaways:

1. The current blockchain and crypto ecosystem has an abundance of blockchain networks.
2. The key difference between traditional NFTs and cross-chain NFTs is that the latter can be leveraged across multiple blockchains, promoting greater interoperability and collaboration in the NFT space.
3. General Message Passing (GMP) capability
4. Omnichain Name Service (ONS)

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Multichain NFT minter

1. use the minter to create unlockable NFTs across multiple chains that contain private content that only the owner of the NFT can access.
2. The repo can be found here: https://github.com/LIT-Protocol/LitGatewayFrontend

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arimo’s multilayer architecture

1. the Base Layer which operates as a generalized messaging protocol and includes an independent and decentralized blockchain
2. the Cross-chain Layer which includes bridging and oracle services
3. the Application Layer which leverages the two underlying layers to provide support for specific projects.

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Cross Layer NFTs

The solution is to design a way for the transfer of NFTs across layers. Also, using this method, we can reduce the gas requirements by minting the NFTs on the blockchain network. This method lets users decide when they want to withdraw their desired NFTs to L1.

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Zecrey Legend — a ZK-rollups-based Layer 2 NFT Marketplace

• High Scalability
• Instant transaction confirmation
• World-class UX
• No compromise on user security
• Thousands of transactions per second