The Universal Polymorphic Address Protocol, a layer-1 blockchain interoperability protocol, was launched by Layer-1 blockchain platform Wire Network (UPAP).
The main interaction in the Web3 ecosystem, which is young compared to the wider crypto market, happens over digital products and nonfungible tokens (NFTs). The absence of interoperability among an increasing variety of Web3 platforms, however, could be a major barrier to a smooth Web3 experience. With its global wallet address technology, Wire Network seeks to change that.
Information can be freely shared throughout various blockchain networks thanks to blockchain interoperability. Hundreds of new blockchain protocols and standards have arisen with the development of the blockchain sector. As a result, relationships between several blockchains get complicated. Interoperability can assist close this gap in this situation.