Nikhil Suri is the product lead at the Wormhole Foundation. Prior to that he was a software engineer at Jump Crypto, Uber and Paypal.
Nikhil Suri is the product lead at the Wormhole Foundation, which acts as a steward of the cross-chain messaging platform Wormhole. Prior to that, Nikhil was a software engineer at Jump Crypto, Uber and PayPal.The ability to perform cross-chain transfers is critical to building a multi-chain future. To this end, “wrapped assets” emerged as a way to facilitate transfers between blockchains and have since been the state-of-the-art solution for users and developers.
Wrapped assets also enabled protocols to expand to new blockchains with extremely low friction. A project with a token deployed on a single chain could, with the click of a button, expand to any new chain by deploying a standard “wrapped” representation of a token via an interoperability protocol. Wrapped assets were a catalyst for the initial expansion of DeFi into a multichain ecosystem and will always have their place. However, as protocols mature and become more complex, there is a pressing need for alternative solutions that harmonize disparate token deployments.One new idea gaining traction is native token transfers. This involves protocols natively deploying their canonical token to multiple blockchains and using interoperability layers to facilitate on-chain transfers.
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