What is EVRY
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Exploring EVRYNET: Revolutionising the Path to Centralised Decentralised Finance
Introduction
In the rapidly evolving landscape of blockchain technology and decentralized finance (DeFi), EVRYNET stands out as a pioneering project. This blockchain-based platform aspires to bridge the conventional financial ecosystems with the emerging realms of Decentralized Finance and, in doing so, to reshape how financial services are delivered. Targeting primarily the Southeast Asian market, EVRYNET is poised to offer a scalable, interoperable, and secure infrastructure for developers and businesses eager to develop Centralised Decentralized Finance (CeDeFi) applications.
What is EVRYNET?
At its core, EVRYNET operates as a smart-routing blockchain that integrates a suite of essential components for financial services. This includes a financial services portal, a robust contract network, and an efficient accounting and settlement system. EVRYNET's primary objective is to empower developers to create decentralized applications (DApps) that can communicate and cooperate seamlessly with various other blockchains.
One of its defining visions is to provide a resilient infrastructure specifically tailored for CeDeFi services, which facilitates the smooth and frictionless blending of traditional finance with the dynamic world of DeFi. The overarching goal of EVRYNET is to democratise access to financial services while ensuring security and reliability for users.
Creators of EVRYNET
The genesis of EVRYNET can be attributed to the entrepreneurial vision of its founders, Chatchaval Jiaravanon and Tridbodi Arunanondchai. Based in Thailand, both individuals bring unique backgrounds and sets of expertise to the project.
Chatchaval Jiaravanon has a significant pedigree in managing leading companies in telecommunications, media, and financial services, lending invaluable experience to the strategic direction of EVRYNET. Tridbodi Arunanondchai, on the other hand, is a seasoned entrepreneur with a robust history in both traditional finance and blockchain entrepreneurship. His comprehensive knowledge within the financial services sector has established him as a noteworthy figure in paving the way for innovative financial solutions.
Investors of EVRYNET
To turn its ambitious vision into reality, EVRYNET has garnered the support of several prominent investors. Notable investment firms like Signum Capital, PetRock Capital, and Ellipti Ventures have recognised the potential of the project and invested capital to catalyse its development. Notably, in September 2021, EVRYNET successfully raised $7 million in a funding round, a move that underscores confidence in its prospects and the increasing interest in CeDeFi applications.
How EVRYNET Works
EVRYNET distinguishes itself with several innovative features that aim to make it a frontrunner in the blockchain and CeDeFi space:
Scalable and Interoperable Multi-Chain Functionality: EVRYNET is designed to facilitate smooth interactions with different blockchain networks, promoting cross-chain asset transfers and ensuring interoperability—a critical feature for modern financial applications.
Near-Instant Transaction Finality: With its highly efficient architecture, EVRYNET offers rapid transaction processing capabilities, vital for achieving mass adoption and enhancing user experience.
Fixed Gas Fee Schemes: The platform introduces unique gas fee structures, including a flexible staking model where contract initiators can cover gas fees for users. This makes transactions more accessible and user-friendly, encouraging broader participation.
Smart Contract and DApp Development: By providing a foundation for developers, EVRYNET enables the creation and deployment of DApps on its blockchain, thus establishing a secure, transparent, and decentralized environment for financial interactions.
Timeline of EVRYNET
The journey of EVRYNET can be encapsulated through a significant timeline of events that mark its development:
2018: The inception of EVRYNET marked the start of an ambitious endeavour aimed at revolutionising the intersection of traditional finance and blockchain technology.
September 2021: The project successfully raised $7 million in a funding round, allowing it to accelerate its development and expand its reach.
2021: Marked the commencement of extensive work on developing infrastructure designed explicitly for CeDeFi applications, reflecting EVRYNET's dedication to its mission.
Key Features and Innovations
As the project continues to evolve, some notable world-class features and innovations have emerged from EVRYNET:
Evry.Finance: Functioning as the first DApp built on the EVRYNET platform, Evry.Finance targets the integration of institutional investors into the expansive DeFi realm, thereby streamlining access to decentralized financial services.
Asset Tokenization: In alignment with its core objective, EVRYNET is actively engaging with leading asset managers to explore and validate asset tokenization, effectively bridging real-world assets to the emerging domain of DeFi.
Multi-Sig Wallets and Enterprise Smart Contracts: Catering particularly to institutional needs, EVRYNET offers advanced security features such as multi-signature wallets and enterprise-grade smart contracts, facilitating secure and efficient financial transactions.
Conclusion
EVRYNET has emerged as a bold contender within the CeDeFi landscape, equipped with a solid foundation for developers and businesses to craft innovative financial solutions. Its commitment to scalability, interoperability, and security augurs well for substantial contributions to the cryptocurrency and DeFi sectors.
As blockchain technology continues to advance, projects like EVRYNET underscore the confluence of traditional finance and innovative blockchain capabilities, heralding a new era for financial services that is more inclusive, efficient, and robust. The potential impact of EVRYNET could be profound, transforming how financial services are perceived and accessed, particularly in rapidly developing economies throughout Southeast Asia and beyond.
