Empyreal: The Gateway to Blockchain Innovation - A 22/7 Investment Perspective
With the increasing adoption of blockchain technology, the demand for efficient and user-friendly tools to harness its potential has grown significantly. However, despite the growing demand, it's evident that most of these tools remain lacking in usability and functionality. At 22/7 we believe that the next big investable opportunity in Web3 are projects that aim to dramatically reduce friction for developers and users alike by providing such types of toolkits.
This insight is what drives EmpyrealSDK, an innovative project that aims to bridge the gap between the rapidly expanding Web3 landscape and traditional developers. EmpyrealSDK offers an intuitive interface for developers who may not be familiar with blockchain-centric languages like Solidity, thus driving widespread adoption and fostering innovation within the crypto space. Additionally, it streamlines the creation and management of decentralized applications through a modular approach, real-time data streaming, flexible automation, and end-to-end privacy features.
Simplicity and Versatility: EmpyrealSDK aims to democratize the crypto space, much like how Shopify revolutionized ecommerce and Stripe streamlined payment processing for everyday users. With this SDK, Empyreal empowers developers, irrespective of their blockchain knowledge
Modularity: EmpyrealSDK takes a unique modular approach, employing distinct modules within the SDK. These modules function as self-contained units of execution and can be stacked as needed to create or support individual products. Each module simplifies and encapsulates a specific functionality, such as the swapping mechanism in the DEX module. This approach minimizes the requirement for users to possess extensive knowledge of smart contract architecture or specialized domain expertise.
Use cases: The versatility of EmpyrealSDK goes beyond specific use-cases like bots and applies to any blockchain application that requires automation. While existing frameworks may not provide comprehensive solutions for certain tasks, such as setting limit orders, EmpyrealSDK aims to offer a robust framework. This framework enables users to develop trading strategies or automate any blockchain interaction. Empyreal’s ultimate goal is to create a framework that is comparable to Apache Airflow in Web 2.0 development. It will be capable of managing automation for users and facilitating the creation of complex, potentially interconnected pipelines. These pipelines can trigger actions within a Web3 environment, empowering developers to build larger-scale applications.
Security: The toolkit is enhanced by the Enclave, a product that prioritizes wallet abstraction, privacy, and security. EmpyrealSDK and the Enclave work together to make Web3 development more accessible, efficient, and cost-effective.
While Empyreal is a fantastic product, it also offers enormous investment potential. Here’s why.
Product Market Fit: Empyreal’s unique offering creates value for both developers and users. Its SDK rapidly accelerates development, removes complexity and provides delightful user experiences. As the ultimate ‘picks and shovels’ infrastructure project, it has the potential to transform many wide-ranging areas such as trading, user privacy, yield management and automations.
Experienced Team: Ex-FAANG, worked on blockchain projects both independently and within larger organizations. Extremely fast-moving and laser-focused on delivering on the roadmap.
Partnerships: The partnership strategy has two distinct but symbiotic approaches: integrate-in and integrate-out. The former addresses onboarding other protocols into the SDK to improve its versatility (e.g. Orderly for perps). While the latter, is naturally focussed on driving adoption of the SDK in the market. Imminent release of the SDK will drive ‘bottom-up’ adoption, while current discussions with some of the top projects and protocols are geared at establishing ‘flagship’ partnerships from the outset.
Community & Marketing: Empyreal has built a smart, loyal and supportive community. This organic growth has been amplified by strong hires to increase frequency, quality and transparency of comms. We’ve been especially impressed by the recent rebrand paired with the white paper release.
As a sign of our conviction in the Empyreal team and product, 22/7 are actively supporting Empyreal in their strategic, operational, business development and marketing efforts. 22/7 brings a wealth of business expertise and experience to the table, and we are excited to leverage that knowledge alongside the Empyreal team. A member of our team is an integral part of the day-to-day running of the project, helping accelerate it across key strategic and operational workstreams.
In conclusion, 22/7's commitment to Empyreal extends far beyond a financial investment. We view ourselves as key partners in Empyreal's evolving journey to success..
We couldn’t be more excited for what’s next!
