When Particle Network was founded 2 years ago, its mission was to create infrastructure that serves the needs of developers and Web3 end-users alike.

• A universal challenge faced by both developers and users is managing numerous wallets and navigating costly cross-chain transactions.
• In response, Particle Network launched several products that operate smoothly across different chains. These include the Modular Smart Wallet as a Service (WaaS), Account Abstraction Stack, and BTC Connect, all achieving significant traction. Collectively, they've seen over 900 integrations, the creation of more than 17 million wallets, and over 10 million Account Abstraction User Operations across more than 56 chains.

Addressing the Evolving Challenges of the Web3 Landscape

However, as the Web3 ecosystem continues to grow, a significant challenge has emerged: network congestion. The proliferation of Layer 2 solutions and side chains is leading to a fragmented user experience across different blockchains, indicating a need for a UX overhaul in blockchain technology.

• Particle Network is addressing this fragmentation, aiming to improve the multi-chain Web3 experience for users and developers through a unified approach.

Particle Network's Strategic Shift to a Modular L1 Solution

On 20th March, MH Ventures reported on Particle Network's announcement of its rebranding towards a modular Layer 1 (L1) solution. This move is aimed at enhancing the multi-chain Web3 experience, reducing interaction barriers, and unifying liquidity.

• This strategy draws on Particle Network's strengths—its extensive user base, smart account deployment across chains, and support for over 900 dApps—to meet the increasing demands and lead the shift toward a more integrated blockchain ecosystem.
• The transition involves a Master Smart Contract on Particle Network’s L1, coordinating Account Abstraction Smart Accounts across 50+ chains for a seamless experience. Particle Network's modular L1 inherits the success of its products, including 10 million AA user operations and BTC Connect with over $2 billion in total value locked (TVL).

About Particle Network’s Modular L1 Powering Chain Abstraction

Built on the Cosmos SDK, Particle Network's modular blockchain introduces a dual staking model and a universal account and gas token. This innovation promises infinite interoperability and a new standard in blockchain connectivity, combining the benefits of modular architecture with the simplicity of single-chain systems.

L1 Modules & Use Cases

Particle Network’s L1 will simplify asset management across cryptocurrencies, enabling a universal account for users.

• This approach significantly eases operations across blockchains, enabling straightforward transactions and fund management within the multi-chain environment.
• For instance, users can buy NFTs on one chain using tokens from another, simplifying cross-chain transactions.

Particle Network’s Track Record

Particle Network has a strong foundation, evidenced by:

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‍What’s Next for Particle Network?

Here's the Outline of Particle Network’s Roadmap:

• Q1 2024:
  • Testnet launch featuring Wallet, Liquidity, & Gas Abstraction.
  • Mainnet V1 launch with Wallet, Liquidity, & Gas Module.
• Q2 2024:
  • Dual Staking Testnet launch.
  • Abstracted DA Testnet launch.
  • Mainnet V2 launch with Dual Staking and Aggregated DA.

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