Push Notifications have been round for greater than a decade now. Nonetheless, with the launch of the Ethereum Push Notification Service (EPNS), communication throughout the decentralised finance (DeFi) area is about to see an enormous transformation.
The EPNS venture was introduced on January 11 and is what founder Harsh Rajat likes to name ‘Net 3 communication primitive’. The venture entails numerous DeFi entities and can enable decentralised protocols to ship notifications and messages to customers. The primary model of the EPNS mainnet, launched on January 11, can now be traded on WazirX and different exchanges.
The protocol goals to be the de-facto communication layer for Net 3.0. It should carry a swath of communication options like channel creation, notification sending, on-chain governance mechanism, wallet-to-wallet chat performance and rather more. It should enable exchanges to create a devoted channel to distribute information on to customers who opt-in for the service by way of their pockets addresses.
Additionally, the protocol itself doesn’t dictate what content material can or can’t be delivered to customers of service or alternate. It’s as much as the alternate to determine what they wish to talk with the customers.
The protocol additionally permits folks to ship notifications in an open, multichain and platform-agnostic trend. For instance, one can ship notifications utilizing any of WazirX’s dApp or good contract to a consumer’s pockets deal with.
One of many core options being labored on and shortly to be launched is the Pockets-to-Pockets Chat function. The roadmap for the venture suggests it will likely be a one-of-a-kind operate that may enable pockets holders to speak with one another seamlessly.
The venture is backed by greater than 35 enterprise capitalists and Net 3.0 Angel buyers, together with Balaji Srinivasan, Binance Labs, Nischal Shetty, Sandeep Nailwal (Co-founder, Polygon), DeFi Dad and extra. A Collection A fundraise could also be introduced quickly.
In response to Rajat, communication has been sorely missing in DeFi protocols, non-fungible token (NFT) platforms and different net 3.0 infrastructure.
“These items are virtually absent for consumer expertise as a result of there is no communication layer to energy it,” Rajat instructed CoinDesk in an interview.