CryptoEthereum Foundation Launches Open Intents Framework to Boost Cross-Chain...

Ethereum Foundation Launches Open Intents Framework to Boost Cross-Chain Interoperability

-



The Ethereum Foundation has announced the Open Intents Framework (OIF), a modular and open framework designed to improve interoperability across the Ethereum ecosystem.

The new standard is developed with the collaboration of over 30 teams which includes Layer 2 networks, wallets, and infrastructure providers.

Open Intents Framework

According to the official announcement on February 19th, the main objective of the Open Intents Framework (OIF) is to streamline cross-chain transactions by making it easier for users to send assets across different chains seamlessly.

Central to this initiative is “Intents,” which allow users to specify desired outcomes without handling complex transaction details. However, existing implementations of Intents often lack compatibility and make adoption challenging. The OIF addresses this issue by standardizing key components such as solving and settlement and helps developers integrate and customize solutions without being tied to a single provider.

This modular approach boosts shared innovation, ensuring that different intent solutions can work together efficiently.

Strong Backing

Its official website states that OIF is a “public good initiative” led by contributors from the Ethereum Foundation, Hyperlane, and Bootnode. It began with initial funding from Hyperlane, aiming to establish a strong foundation for future community ownership and funding.

The standard is also supported by prominent Layer 2s such as Arbitrum, Optimism, Scroll, Polygon, zkSync, Linea, Gnosis, and Starknet among others. The Ethereum Foundation stated that further developments and expansions are expected in the near future.

Meanwhile, Uniswap Labs – the team behind the Uniswap decentralized exchange (DEX) – highlighted its role in co-authoring ERC-7683, which was introduced last year to encourage ecosystem-wide adoption. In a follow-up tweet to the Ethereum Foundation’s announcement,

“Last year we co-authored ERC-7683, a new standard for cross-chain intents built for any team to adopt. Today, we’re excited to see it as a core part of the Open Intents Framework. Because the best way to unify Ethereum is together.”

SPECIAL OFFER (Sponsored)

Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).

LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!



Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest news

Japan’s Remixpoint Secures $215 Million for Massive Bitcoin Buy

Japan’s Remixpoint, an energy consulting firm, is diving into Bitcoin, raising $215 million to grow its portfolio to...

How to Watch the Southern Delta Aquariids and Perseids Meteor Showers

The Orionids typically yield about 20 to 25 meteors per hour during their peak and are known for...

Bitwise Predicts $200K Bitcoin by Year-End—BTC Rally ‘Has a Long Way to Go’

Bitcoin is poised for an explosive breakout as institutional demand crushes limited supply, triggering a relentless surge toward...

Biggest Funding Quarter Since 2022

Venture capital funding activity picked up sharply in Q2 2025. In fact, CryptoRank revealed that funding reached $10...

Advertisement

Crypto Hacker Who Drained $42,000,000 From GMX Goes White Hat, Returns Funds in Exchange for $5,000,000 Bounty

A crypto hacker who stole tens of millions of dollars from the decentralized crypto perpetuals exchange GMX (GMX)...

A United Nations research institute created an AI refugee avatar

A research institute connected to the United Nations has created two AI-powered avatars designed to teach people about...

Must read

Japan’s Remixpoint Secures $215 Million for Massive Bitcoin Buy

Japan’s Remixpoint, an energy consulting firm, is diving...

How to Watch the Southern Delta Aquariids and Perseids Meteor Showers

The Orionids typically yield about 20 to 25...

You might also likeRELATED
Recommended to you