Crypto Infrastructure Company Sequence—Previously Horizon Blockchain Games– Seems to solve one of cryptocurrencies’ biggest interoperability issues and end user and developer concerns about wallets, tokens, and gas fees across individual blockchains.
The company on Thursday announced Trails, a new transaction orchestration platform designed to allow applications to accept cryptocurrencies from anyone, anywhere with one click.
“We have always been an infrastructure-first company,” said Peter Kieltyka, co-founder and CEO of Sequence. Decrypt. “We just solve all the problems that need to be solved.”
In Kieltyka’s eyes, one of the big problems for cryptocurrency users and developers is fragmentation, or the disparate silos of tokens, wallet infrastructure, and functionality that exist when moving between blockchains, such as the Ethereum mainnet and its Layer 2 scaling network.
“Ethereum is not a single chain,” Kiertyka said. “This is an ecosystem of chains, a network of chains, but there’s so much fragmentation coming out of that.”
“Liquidity everywhere, tokens everywhere, gas tokens everywhere. Chain fragmentation really hurts the ability of developers and applications to actually monetize and run successful businesses on-chain,” he added.
That’s where Trails comes in. Trails uses new “transaction rails” with intent-based interoperability to simplify the on-chain transaction experience for developers and users. Essentially, users tell the app what they want to do, and Trails makes it happen behind the scenes.
For example, Trails allows users to pay for items such as NFTs using any token on any supported chain without worrying about bridging, swaps, or gas fees. In other words, if a user wants to spend 100 USDC on Arbitrum but only has tokens in their balance on other Ethereum layer 2 networks, Trails will automatically consolidate the balances and facilitate transactions with one click.
“Trails works by taking exactly that transaction and working backwards,” Kietlyka says. The company’s CEO contrasted the platform’s transaction flow with one that requires a specific path, saying that if everything isn’t perfect, the wallet indicates the user is “out of funds or out of gas.”
“If any of these things aren’t in the right place, you’re kind of toast,” he said. “There’s too much friction and too many things that users don’t have to think about.”
But with Trails, Kietlyka says, as long as there is one path to the desired outcome, the transaction will get there.
“Trails is like a practical chain abstraction,” Toshi Kakinoki, head of cross-chain at Sequence, said of the platform’s ability to simplify the experience of interacting between blockchains. Trails is compatible with USDC issuer Circle’s Cross-Chain Transfer Protocol (CCTP) and partnered with the Katana network.
Mr. Kakinoki was the founder of Light, a company with expertise in chain abstraction. Sequence obtained earlier this year Completely rebranded from Horizon Blockchain Games.
horizon previously raised funds Reddit co-founder Alexis Ohanian, Ubisoft, and Take-Two Interactive have used the Ethereum-based card game Skyweaver to “introduce the blockchain stack.” In total, the company has raised $53 million to date.
In 2023, the company will We released Sequence Builder to simplify Web3 game development. Along with other blockchain features, it will allow you to easily add items such as NFTs to your games. Currently, the company’s products support builders in multiple crypto industries, including DeFi and stablecoins.
Trails was launched this year, Initially supports 16 Ethereum virtual machine compatible chains Includes Ethereum mainnet, Polygon, Base, Arbitrum, Avalanche, and more.
However, in the future, Kietlyka said the platform will support other virtual machines and the next roadmap will include support for Solana virtual machines.
