Tendermint Creates Crypto App Store That Goes Beyond Cosmos

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Blockchain company Tendermint is building a crypto app store called Emeris that will provide access to a range of decentralized applications (dapps), she announced today.

Emeris will provide users with a single place to interact with different applications, such as lending protocols and decentralized exchanges.

Tendermint plans to release a beta of the project later this month and aims for a public launch in September.

Emeris is our most ambitious product to date. Finally, we will offer end users a single portal to browse the Internet of Blockchains. Our beta launch this month begins to deliver on that vision, with a focus on cross-chain DeFi, said Peng Zhong, CEO of Tendermint.

Tendermint is a main contributor to the Cosmos network, a collection of multiple interconnected blockchains. It provides blockchain software as well as development kits, both of which are used by blockchain projects in the Cosmos ecosystem.

Expanding beyond the Cosmos

Emeris’ beta launch will begin as a non-custodial dashboard, meaning users remain in control of their own funds for dapps in the Cosmos ecosystem. It will start by focusing on decentralized financing protocols (DeFi).

When the beta goes live, it will support the Gravity DEX protocol, a decentralized exchange for exchanging tokens between blockchains. It will start by supporting several Cosmos blockchains, such as Cosmos Hub, Crypto.com and Akash Network.

But the plan is for Emeris to go beyond the Cosmos ecosystem. The goal will be for it to support several other blockchains, starting with Ethereum.

Ultimately, Emeris will give access to the best crypto apps, regardless of the blockchain they’re running on, Zhong said.

It will also expand beyond the dashboard. Tendermint hopes to create a mobile app and browser extension portfolio to provide wider access.

Follow the Coinbasians

Tendermint isn’t the only company considering providing a unified point of access to the crypto ecosystem. Crypto exchange Coinbase, which recently revealed that it wants to add all legally viable cryptocurrencies to its exchange, is also planning to create a crypto app store.

Coinbase CEO Brian Armstrong wrote in a blog post that the exchange wanted to create the crypto app store, citing Apple’s success in doing so for centralized apps.

There are now tens of billions of dollars of economic activity running on [dapps], and a new trend that comes out every three months. Work well on giving our users easy access to all of this from the main Coinbase product, he said.

Coinbase already offers access to dapps through Coinbase Wallet, its non-custodial wallet app. This has an in-app web browser that displays a range of dapps on a Coinbase website. Users who click on these dapps are redirected to the respective websites for direct access.

The difference between this and a crypto app store is that dapps would be natively built into the store, providing a much more seamless experience.

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2021 The Block Crypto, Inc. All rights reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial or other advice.

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