Coinbase-Backed DeSo Unveils MegaSwap, a “Stripe for Crypto” product, with Over $5 Million in Quantity

World News

Los Angeles, United States, seventh February, 2023, Chainwire

DeSo is wrathful to drawl the launch of MegaSwap – a innovative, imperfect-chain natty provider that permits customers to securely and without disaster swap cash between diversified blockchains with a frictionless zero-login. MegaSwap solves varied serious ache aspects, at the side of onboarding fresh customers and liquidity to any web3 utility across any blockchain ecosystem.

In its restricted free up, the platform has already viewed more than $5 million in quantity, demonstrating its capacity to revolutionize the crypto market with imperfect-chain swaps.

MegaSwap affords an different and safer diagram to the feeble centralized alternate model the set customers don’t ever have to log in or provide relaxed personal files. As an different of storing their cash on a centralized alternate, customers can retailer them in their very maintain self-custody wallets to mitigate the menace of unforeseen meltdowns, comparable to these viewed with FTX, BlockFi, Celsius, or Voyager.

MegaSwap is a straightforward, progressive solution for developers attempting for to operate web3 applications on diversified blockchains. Builders can set up its frictionless zero-login API with a single line of code, making their apps chain-agnostic and accessible from any blockchain. For the major time, apps on Ethereum can without disaster fabricate with apps on Solana or DeSo. MegaSwap thus makes it more straightforward for liquidity and fresh customers to be onboarded into any blockchain ecosystem.

“One of many finest negate cases we judge will maintain the finest impression is onboarding fresh customers that don’t maintain your coin. That each and every body adjustments with MegaSwap, the set devs can leverage crypto-to-crypto swaps between any two cash it doesn’t topic what blockchain ecosystem they’re in. This final negate case is a big wedge because it solves the finest ache point for each and every blockchain dev on the fresh time: getting fresh customers without making them aquire your coin on another.” – Founder of DeSo, Nader Al-Naji, explains.

The blockchain ecosystem is at the moment fragmented, making it exhausting for customers who’re looking to steal a uncover at out diversified web3 apps. With MegaSwap, customers can without disaster and securely swap between Ethereum, Solana, Bitcoin, DeSo, and USDC, with toughen coming rapidly for other blockchains admire NEAR, ADA, Doge, and more! This makes it more straightforward than ever to wander funds between blockchains allowing communities to seamlessly navigate from app to app.

DeSo is committed to increasing a Social Layer for Web3 that permits communities to seamlessly transition between diversified blockchains. The launch of MegaSwap is a testament to this dedication and eliminates a most essential hurdle preventing the mass adoption of cryptocurrencies.

Right here’s but another instance in a fresh string of successes for DeSo. Now not too lengthy prior to now, they launched a leap forward fundraising platform known as Openfund that permits entrepreneurs to launch tradeable coin-backed fundraising rounds thru the realm’s fastest negate e-book alternate.

With the combination of Openfund and MegaSwap, founders and builders can without disaster fund projects, rupture fresh customers, and develop their attain with a comprehensive suite of grand tools in the DeSo ecosystem.

In addition they lately partnered with Princeton College to launch the major-of-its-form web3 startup opponents and maintain a slew of upcoming releases that will station DeSo because the budge-to layer-1 blockchain to operate decentralized social media applications.

Moreover, the Social Community Considerable Fork apt went are dwelling, enabling decentralized verifications. They conception to wander to a proof of stake later this one year, bettering efficiency and energy efficiency.

About Deso

DeSo is a brand fresh layer-1 blockchain built from the bottom up to decentralize social media and scale storage-heavy applications to billions of customers. It raised $200 million and is backed by Sequoia, Andreessen Horowitz, Coinbase Ventures, Social Capital, Polychain Capital, Winklevoss Capital, Pantera, and other blue chip funds.

Test out the paunchy roadmap and claim your username on deso.com.