Mycel

Mycel operates as a decentralized infrastructure provider within the Web3 ecosystem, focusing on enhancing interoperability and user experience across different blockchain platforms. The company has developed a Layer 1 blockchain specifically for identity, which serves as a foundational layer for name services and decentralized ID protocols on any chain.

The core of Mycel's offering is the "Transferable Account," a novel concept that allows users to manage and transfer an entire account—containing various assets like tokens, NFTs, and DeFi positions—as a single object across multiple blockchains. This approach is designed to simplify cross-chain transactions, improve liquidity, and reduce the complexities associated with traditional methods like atomic swaps or smart contract bridges. By treating the account as a unified entity, Mycel's infrastructure can support seamless transfers between diverse blockchain ecosystems, regardless of their underlying cryptographic standards. For developers and businesses, Mycel provides tools to build cross-chain decentralized applications (dApps) and integrate blockchain solutions with greater flexibility.

The company's technology functions as a name service aggregator, integrating with existing naming services to make a user's registered name functional in a multi-chain environment. Users can register their own top-level domains (e.g., .mycel) and then distribute or sell second-level domains. These domains can be linked to wallet addresses, used to host websites, or serve as social IDs, simplifying the process of sending and receiving tokens across different networks without needing complex wallet addresses. The project's CTO is Aki Tarumi, who has been instrumental in shaping the company's technical vision. The SHUGYO Network, Mycel's testnet, is currently live for developers to experiment with its features.

Keywords: decentralized infrastructure, cross-chain interoperability, Web3 identity, transferable accounts, name service aggregator, Layer 1 blockchain, decentralized applications, blockchain development, DeFi, multi-chain