CoinVoice has recently learned that, according to The Block, Safe (formerly known as Gnosis Safe) has launched the transaction processor network Safenet, aimed at enabling users to manage assets across multiple blockchains. The goal of Safenet is to achieve instant cross-chain transactions with execution guarantees, meeting the needs of users who require quick and secure asset transfers across different networks.
Safenet itself is not a blockchain, but a meta-protocol that serves as a connecting layer to interact with any blockchain through a single user account. Therefore, the project aims to address key challenges in DeFi, such as liquidity fragmentation and the complexity of managing cross-chain transactions. [Original link]