Outlier Ventures: Why invest in cross-chain project Wormhole

By Jasper De Maere, Outlier Ventures; Compiled: Pine Snow, Golden Finance

The Wormhole Foundation and Outlier Ventures, leading blockchain interoperability platforms, are proud to announce the launch of the Wormhole Base Camp accelerator program. The program, which will run with the support of venture capital partner Borderless Capital, will provide the team with workshops attended by subject matter experts from Outlier Ventures and Wormhole core contributor teams, as well as mentorship from industry experts, and receive $200,000 in funding from Borderless Capital for participating teams.

Cross-chain messaging pioneer

Wormhole is a pioneering cross-chain messaging protocol that facilitates the transfer of assets and data between different blockchains. Its architecture relies on guardians to secure the network, ensure transaction integrity, and thwart potential attacks.

Wormhole’s design emphasizes four core principles:

• Strong security;
• High scalability to accommodate surges in user demand;
• User-friendly interface for developers and general users;
• Versatility to handle large amounts of assets and data, from tokens and NFTs to smart contract information.

For Web3 founders, Wormhole provides a powerful toolkit to enhance cross-chain interoperability. This includes facilitating cross-chain asset transactions, supporting the development of decentralized applications (DApps) across multiple blockchains, and facilitating cross-chain data sharing. In essence, Wormhole could be a potential game changer for users and developers interacting with diverse blockchains in the evolving web3 space.

Why cross-chain? **

Cross-chain capabilities are a key aspect of Web3’s future, mainly because they encapsulate the full potential of decentralized technologies. By cross-chain, users can leverage each platform’s unique offerings with broad access to a large number of assets and applications across various blockchains. This not only enhances liquidity – facilitating optimal pricing and reducing fees – but also significantly improves scalability by distributing transaction load across multiple chains.

The essence of cross-chain reality lies in its commitment to choice and flexibility. Users can seamlessly choose and switch blockchains according to their needs, while developers can create innovative applications that leverage the benefits of different blockchains. Essentially, cross-chain dynamics facilitate growth, innovation, and competition within blockchain, laying the foundation for a thriving and versatile web3 ecosystem.

What excites us? **

Between Wormhole messaging, connectivity, and gateways, there are many applications and web3 solutions that leverage the Wormhole product suite to build innovative solutions across different verticals.

We’re looking for any interesting solution that leverages cross-chain interoperability, but we’re particularly excited about:

Cross-chain liquidity – Addresses decentralized DeFi liquidity and governance issues as the protocol publishes these liquidity and governance on separate instances across chains.

• Solutions that support X-chain liquidity management, shared clearing and unified governance;
• Solutions and SDKs that help AMM with X-chain arbitrage and provide liquidity.

Cross-chain infrastructure, data, and payments – Build “non-core” DeFi use cases as the protocol focuses on adding utility and abstraction.

• Create a data infrastructure to provide uniform X-chain price feedback across (non-)crypto-native assets (tokens, ETFs, securities, Forex, RWA);
• Solutions and SDKs that enable users, merchants, and developers to extend the X-Chain payment infrastructure.

Cross-chain decentralized identity – compliance-focused solutions that involve participation in proof of identity.

• Cross-chain DID solution to solve cross-chain operation friction;
• Institutional-grade X-chain privacy solutions that enable these participants to take advantage of cross-chain liquidity.

At Outlier Ventures, we believe that continued innovation in cross-chain interoperability is critical to building the future of Web3 and the open metaverse. Seamless interconnection expands access to disparate assets and applications, enhances liquidity and optimizes the overall user experience in a decentralized environment. We’re excited to leverage our experience across different ecosystems and begin to accelerate companies leveraging Wormhole’s industry-leading interoperability capabilities to unlock the next chapter in the future of Web3 cross-chain."