Omni Network

Omni Network

Interoperability protocol for seamless communication between Ethereum rollups, enhancing liquidity and capabilities. Learn more

Employees
Market cap
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Enterprise valuation
AUD111—167m (Dealroom.co estimates Apr 2023.)
New York City New York (HQ)

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DateInvestorsAmountRound
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N/A

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$18.0m

Early VC
Total FundingAUD27.8m

Recent News about Omni Network

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Omni Network is a cutting-edge startup focused on enhancing the Ethereum blockchain ecosystem. It operates as an interoperability protocol, which means it helps different Ethereum rollups (layer 2 solutions that improve the scalability of Ethereum) communicate with each other seamlessly. This is crucial because it allows for faster and more efficient transactions across various platforms built on Ethereum.

Omni primarily serves developers and users within the blockchain and cryptocurrency space. Developers benefit from Omni's technology by gaining universal access to liquidity and capabilities across all Ethereum rollups without any compromise. This makes it easier for them to build and deploy decentralized applications (dApps). Users, on the other hand, enjoy a more integrated and efficient experience when interacting with these dApps.

The market Omni operates in is the rapidly growing blockchain and decentralized finance (DeFi) sector. This market is characterized by its innovative nature and the constant evolution of new technologies aimed at improving the efficiency, security, and scalability of blockchain networks.

Omni's business model revolves around its platform and the services it provides. It makes money through various means, including transaction fees, staking programs, and potentially through the appreciation of its native token, OMNI. The Genesis staking program, for instance, allows users to stake their tokens to help secure the network and, in return, qualify for future rewards.

In summary, Omni Network is a pivotal player in the blockchain space, aiming to unify fragmented Ethereum rollups and provide a seamless, efficient, and secure experience for developers and users alike.

Keywords: Ethereum, interoperability, blockchain, rollups, DeFi, staking, liquidity, dApps, scalability, OMNI token.

Tech stack

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Investments by Omni Network

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