Frontier has acquired "Hot Cross."

2 min read
Frontier has acquired "Hot Cross."

We are thrilled to announce that our acquisition of "Hot Cross" is complete, and we are happy to welcome the team into the Frontier family.

About Hot Cross

Founded in 2020, With a mission to make Web3 accessible and user-friendly, Hot Cross shipped an extensive multi-chain and cross-chain tool suite that enables blockchain teams and their communities to thrive. They aimed to be the best toolbox for ETH and EVM networks.

The core thesis that Hot Cross presents is that users and teams will migrate partly to new networks that feel familiar when presented with good tooling and freedom. Hot Cross has been an ecosystem in and of itself, and its goal is to allow communities to flourish using its suite of products. Read more about the tools offered here.

The goals of acquisition.

It's a significant step towards building & launching Frontier's Layer 1 blockchain based on Cosmos SDK.

The Hot Cross team has been at the forefront by building tooling for Web3 and DeFi space and has extensive experience. Now combing both the team's expertise, we will be launching our Layer 1 chain soon.

A sneak peek into Frontier's Layer 1 blockchain below

  • A private key still poses a single point of failure, a significant blocker for Web3 adoption. Most self-custody wallets, dApps, are posed with this challenge.
  • MPC with TSS is a tech breakthrough that can make the wallet keyless. It comes with its challenges and needs more tooling/infrastructure.
  • Frontier's Layer 1 blockchain will be a decentralized MPC network, which will store one of the shards of the key and enable Web3 wallets and dApps to go keyless.
  • L1 will offer the required tooling to make this happen. Stay tuned for more details.

As we welcome the Hot Cross team and their expertise, we are progressing toward launching our chain.

What next?

We have made tremendous progress on building our chain with the Hot Cross team's expertise, and you must be hearing about the Devnet launch soon.

Once again, we are excited to 🎉 welcome the Hot Cross team and make Web3 onboarding simple. Read more about what does this mean to Hot Cross community and users here.

Share this story:
Yash Belavadi

Chief Product Officer (CPO) at Frontier Wallet. Entrepreneur building for a Decentralised World - Blockchain, Self-Custody, Crypto, DeFi, NFT, and more