What is Cross-chain Contract Calls ?
Cross-chain contract calls facilitate the unrestricted movement of information, cryptocurrencies, and NFTs across different blockchain networks through smart contracts, liberating these assets from their network boundaries.
In the realm of Web3, cross-chain contract calls serve as a crucial mechanism for achieving interoperability. They empower users to seamlessly interact with any decentralized application (dApp) regardless of the specific blockchain they are operating on. Presently, users are compelled to manually navigate between different chains and utilize cross-chain bridges, which can be intricate and time-consuming, for managing assets while engaging with dApps.
The primary objective of cross-chain contract calls is to streamline and simplify the process of transferring funds between various blockchain networks. By abstracting the complexities associated with cross-chain operations, they enhance the user experience in Web3 and create a seamless, chain-agnostic environment. This development eliminates the need for managing different native gas tokens and using bridges.
This trustless and verifiable network connects users to other chains through on-chain validators, creating a decentralized network that eliminates cumbersome barriers, allowing users to effortlessly interact with dApps.
Use cases for cross-chain contract calls encompass NFT purchases, multi-chain yield farms, and liquidity pools. For NFTs, users can leverage software development kits (SDKs) to facilitate asset movement and NFT purchases in a single, straightforward transaction, offering a one-click NFT minting experience. In the context of multi-chain yield farms and liquidity pools, cross-chain contract calls enable users to deposit liquidity into pools without the need for asset bridging between different networks.