Preparing for a Multichain Future with UniLayer Network

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Despite a cooled market, June 2022 was a great month for events and news in the crypto space. Consensus 2022 and NFT NYC hosted some of the biggest names in Web3, DeFi, and NFTs, and we were lucky enough to attend some fascinating panels and hear about the best new developments from industry leaders. While the bear market has indeed set in, these events showed us that there is a lot to look forward to for cryptocurrencies in the near future.

Web3, DeFi, and NFTs may have been the focus of discussions, but some of the most exciting conversations revolved around the multichain future that is being built. At Consensus 2022, speakers from blockchain scalability solutions such as Polygon, Cosmos Network and Moonbeam spoke during the four-part panel series, "Scaling the Multichain Future."

The discussions made it clear that interoperability will be central to the success of the blockchain space in the coming years as hundreds, if not hundreds of thousands, of additional blockchains come on the scene. It is clear that interoperability has positioned itself as one of the most important keys to growth and innovation in the blockchain space.

While panelists from established scalability and cross-chain solutions like Axelar and Boba Network discussed the urgent need to make this multichain future interoperable and user-friendly, several newcomers to the space also caught our eye during the week. UniLayer Network, an emerging Layer-1 (L1) blockchain, presented itself as one of the most interesting problem solvers in the race for interoperability.

Why is interoperability so important to the multichain future, and why have some claimed