GASUtopia, the Cross-chain gas infrastructure, has received a $3 million investment from BitKeep to build a universal gas ecosystem in Web3
Aug 10, 2022
Singapore - August 10, 2022 /MarketersMEDIA/ —
The universal gas, dubbed GASU, will be used among multiple blockchains.
Recently, GASUtopia, The cross-chain gas infrastructure has received a $3 million investment from BitKeep. As a multi-chain wallet focusing on Web 3.0, this is also BitKeep's first investment in the infra field. BitKeep founder Kevin said, "GASUtopia is an open platform, and hopes to cooperate with more DAO institutions, building a better Web3 jointly."
GASUtopia was officially launched on August 8th with the launch of its universal gas token GASU, laying the foundation for the establishment of an instant, low-cost, and free interaction environment among multiple networks.
With the launch of GASU, Web3 users do not need the native gas tokens when interacting across chains and will be deducted by GASU. It will support more than 50 public chains, and GASU is not affiliated with any of them, GASUtopia said Monday. In the usage scenario, the amount of GASU required for cross-chain can be calculated and consumed in real-time according to the gas cost of each main chain.
As the investor, BitKeep founder Kevin explained the existing challenges facing Web3:
The development space of Web3 has been shackled. This borderless blockchain is divided by public chains, gas payment requires native tokens among them, which is like building a wide moat between various ecologies, making each ecology a silo. DApps lose interoperability and information is cocooned, casting a cloud over the arrival of Web3.
As users, they are often anxious about gas fees, they must and can only pay for it with the native token.
As a Web3 wallet, BitKeep has added 72 chains, in order to provide a richer and more comprehensive user experience, which means users are faced with 72 types of gas. It's time to build a new infra!"
In his view, paying transfer gas fees with mainnet native tokens is outdated, inefficient, and has a high threshold, which will result in a poor user experience and a slow development rate for Web3. "GASU solves that problem," he said. By establishing a future-oriented, dollar-anchored gas token that is not affiliated with any public chain, which is used to pay transfer gas fees for all chains, it can provide a solution for value transfer between multiple networks, lowering the threshold for users and developers into Web3 metaverse.
Future iterations of GASUtopia will always remain scalable, BitKeep said in a Twitter post.
With the advent of the Web3.0 era, users are calling for an easier-to-use, friendly, efficient, and open infra. The birth of GASU will drive Web3 to a billion users.
The related information about the investment:https://twitter.com/BitKeepOS/status/1556898878049308672?s=20&t=CBJzi_ifgRWmoqJsm0e7JQ
Contact Info:
Name: Sophia
Email: Send Email
Organization: GASUtopia
Website: https://www.gasutopia.com
Release ID: 89079883
If you detect any issues, problems, or errors in this press release content, kindly contact [email protected] to notify us. We will respond and rectify the situation in the next 8 hours.
More News
Gillingham waiting on McManus fitness after Ireland outing
Gillingham will need to check on the status of defender Conor McManus before deciding whether he will travel this weekend.
Gillingham youngster’s frustrating start explained by Ainsworth
Gillingham are continuing to manage an injury that has restricted Sam Tabares’ start to life at Priestfield.
Gareth Ainsworth makes bold Gillingham claim
Manager Gareth Ainsworth believes his Gillingham team are the real deal this season.
Football fixtures and results
Catch up with all the week’s football fixtures and results here.
Gillingham’s Conor McManus scores as Ireland beat England
Gillingham defender Conor McManus scored for Republic of Ireland under-21s in a win over England.
Gillingham midfielder’s moving gesture as nephew faces huge fight
Gillingham midfielder Armani Little made his return from injury at the weekend with more than just football on his mind.
Debut delight for Ladapo as Chatham Town dump Gillingham out of cup
A sellout crowd at Chatham Town saw Gillingham’s young side well beaten in the Kent Senior Cup second-round tie.
Gillingham boss reveals plans for Chatham cup clash
Gillingham will turn to their best young players for their midweek Kent Senior Cup game at Chatham.
‘It’s definitely a tactic we will keep going with’
Coach Adam Hollioake reckons Kent have found a formula they can stick with in terms of preparing home surfaces as they return to top-flight cricket.
KentOnline’s team of the week
Find out who’s in KentOnline’s team of the week and vote for your star man.
Gillingham duo recognised after September surge
Gillingham manager Gareth Ainsworth and summer signing James Brophy have both been nominated for a prestigious monthly award.
YOUR NEWS, OUR NETWORK.
Do you have Great News you want to tell the world?
Be it updates about your business or your community, you can make sure that it’s heard by submitting your story to our network reaching hundreds of news sites across 6 verticals.