Coinbase Payments has joined the Ethereum Foundation's Open Intents Framework (OIF) to enhance cross-chain asset transfers across Ethereum and its Layer 2 networks. The OIF, initiated in February, seeks to standardize and simplify these transfers by enabling developers to create intent-based applications using modular components. This collaboration includes over 30 contributors, such as Arbitrum, Optimism, zkSync, and Scroll, aiming to advance secure, permissionless cross-chain operations.
Coinbase's participation represents a significant move towards mainstream adoption, facilitating seamless asset movement across networks. The initiative is expected to unify the Ethereum Layer 2 ecosystem, promoting the development of innovative applications and enhancing user experience.
Coinbase Partners with Ethereum Foundation to Boost Cross-Chain Interoperability
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