Cryptocurrency

Crypto Architecture Provider Anoma Planning On Launching ‘Intents’ on Ethereum

Market Trends
  • Anoma Foundation plans to launch intents on Ethereum, CEO confirms at EthCC, Paris. 
  • Incentivized Request For Comments (RFC) will also launch on the architecture. 
  • Anoma's partner, Namada, launched privacy swapping on the Osmosis exchange. 

Swiss-based non-profit decentralized architecture protocol Anoma is set for a wave of new developments in the coming months, according to the company's founders Adrian Brink and Christopher Goes. Speaking at the EthCC conference in Paris, France, last week, the founders announced Anoma and its partner, Namada, are planning to launch several innovations set to enhance the efficiency of its platform and improve the project's muti-chain capabilities. 

On the main stage of the Ethereum conference in the French capital, Adrian outlined his team's plan for bringing intents to the Ethereum network. An informal definition of intent is a signed set of declarative constraints which allow a user to outsource transaction creation to a third party without relinquishing complete control to the transacting party. Intents allow users to have a more efficient and user-friendly platform, away from the conventional transaction models. 

With the launch of intents on Ethereum, developers can use Anoma's architecture to create novel applications, including end-to-end decentralization, information flow control, and fully programmable intents. Speaking on the launch of intents on Ethereum, Adrian Brink stated: 

"It is crucial to understand that Anoma is an architecture, not a blockchain. This distinction allows existing applications to utilize Anoma's properties to the extent they require. For example, rollups could employ Anoma's counterparty discovery to decentralize their sequencer or use Anoma to generate intents for Ethereum."

Additionally, Brink also launched Anoma's first incentivized Request for Comments (RFC) program to welcome the community to participate in developing the platform. The program is set to launch later this fall, with contributors gaining a share of the Anoma genesis distribution as they participate in the program. This encourages developers and researchers in Ethereum and broader communities to review principal technical developments on Anoma and share feedback and EIPs to Anoma's current architectural design. 

Finally, Anoma's partner,  Namada, a Proof-of-Stake L1 for asset-agnostic multi-chain privacy, confirmed they have introduced added privacy features to Cosmos-built, Osmosis exchange. The new privacy feature, "Shielded Swaps", adds a layer of privacy to transactions on platforms that do not natively support privacy. The interchain privacy model will also introduce an incentivization model for multi-chain users "who contribute to the increased privacy for all fellow Namada users," the press release concluded. 

The latest additions follow the recent $25 million fundraising round in June, led by crypto-focused venture capital firm CMCC Global. Other investors in the round included Electric Capital, Delphi Digital, Dialectic, KR1, Spartan, NGC, MH Ventures, Bixin Ventures, No Limit, Plassa, Perridon Ventures, Anagram, and Factor, among others. This brings the total funds raised to $51 million after a $26 million raise in 2021. 

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