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Octopus Network

Octopus Network

The Octopus Network is a multichain cryptonetwork for launching and running Web3.0 application specific blockchains, or appchains.

The Octopus Network is a multichain interoperable cryptonetwork for launching and running Web3.0 Substrate-based application-specific blockchains, aka appchains. The Octopus Network is committed to unleashing a new wave of innovation for Web3.0.

Services

Appchains in the Octopus Network benefit from being both autonomous blockchains and members of a well-connected network with access to rich services and facilities.

Security

The Octopus Relay provides unprecedented flexible and cost-effective leased security. Appchains decide how much security they want and how much they are willing to pay for it.

Interoperability

Appchains enjoy out-of-the-box interoperability, including trustless interaction with NEAR, Ethereum, and any IBC enabled blockchains.

Infrastructure

Infrastructure support for appchains includes testnet, RPC gateway, indexer, block explorer, wallet integration, archive service, and more.

Community

The Octopus Network acts as a meta-community that scaffolds new appchain communities via fundraising, recruiting, know-how sharing, tokenomics design, token listing, and more.

Technology

The core of the Octopus Network is the Octopus Relay — a set of smart contracts running on the NEAR blockchain, aka mainchain, that implements the security leasing market. Octopus Network appchains sit on the demand side of the market. They pay rent in their native tokens to lease security from $OCT holders. $OCT holders that delegate their $OCT by staking on appchains have the opportunity to diversify their investment profiles with a wide variety of protocols.

The Octopus Relay enables appchains’ interoperability with NEAR protocol and Ethereum via the Rainbow Bridge. Additionally, appchains can utilize an out-of-box IBC pallet to connect with any IBC enabled blockchains directly. Thus, assets issued on Ethereum, NEAR, or any IBC enabled blockchain transfer into Octopus Network appchains trustlessly. Conversely, assets issued on appchains can be transferred trustlessly to Ethereum, NEAR, and any IBC enabled blockchain.

Timeline

February 24, 2022
Bloomberg - Are you a robot?
September 6, 2021
Octopus Network raises a $5,000,000 series A round from Aussie Capital, Bigcoin Capital, Chain Ridge Capital, Continue Capital, Digital Currency Group, GFS ventures, GTA Ventures, Gains Associates, Gate.io, K300 Ventures, MOVE Capital, Mayor Capital, Megala Ventures, NetZero Capital, Oracles Investment Group, Vestigium and YouBi Capital.
August 12, 2021
Octopus Network Ushers in Web3.0: An Interview with Louis Liu, Founder of the Octopus Network | Startup Fortune
April 2, 2021
Octopus Network raises a $3,000,000 seed round from Ascensive Assets, Bixin Ventures, D1 Ventures, Electric Capital, NEAR Protocol, NGC Ventures, OKX Blockdream Ventures, Origin Capital, Pnyx Ventures, Puzzle Ventures, SevenX Ventures, Spark Digital Capital and ZMT Capital.

Funding Rounds

Patents

Further Resources

Title
Author
Link
Type
Date

Create Protocol Appchain candidat cherche la révolution de Crée-pour-gagner

Guermouche Abdelillah

Web

March 18, 2022

Crypto Influencer Vivi Lin Talks About Initiatives By Octopus Network To Provide Open Tech

Web

April 5, 2022

Fat Hubs: Why We Are NOT Hub Minimalists | Octopus Network

Louis Liu

Web

November 29, 2021

How can Web3.0 leverage DeFi to succeed by Louis Liu, Octopus Network

Web

November 16, 2021

Introduction To Multi Chain Network [Octopus Network]

Web

March 11, 2022

References

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