The Ethereum Foundation has launched the Open Intents Framework (OIF) to improve cross-chain interoperability in the Ethereum ecosystem.
The OIF aims to streamline cross-chain transactions and make it easier for users to send assets across different chains seamlessly.
Over 30 teams, including Layer 2 networks and wallets, collaborated to develop the OIF and standardize key components like solving and settlement.
The OIF is supported by prominent Layer 2 networks and received initial funding from Hyperlane and contributions from the Ethereum Foundation and Bootnode.