Socket.tech operates in the Web3 space, providing a Chain Abstraction Protocol that simplifies the interaction between different blockchain networks. The company’s core product, Socket 2.0, leverages Modular Order Flow Auctions (MOFA) to create an open marketplace where execution agents compete to settle user requests on-chain. This protocol allows developers to build chain-agnostic applications, meaning they can develop apps without worrying about the underlying blockchain technology. Socket.tech primarily serves developers and businesses looking to integrate cross-chain functionalities into their applications. The company operates in the rapidly growing blockchain and decentralized finance (DeFi) markets.

Socket.tech’s business model revolves around offering its protocol as a service, enabling developers to pay for access and usage. Revenue is generated through subscription fees, transaction fees, and potentially through partnerships with other blockchain projects.

Keywords: Chain Abstraction, Web3, Blockchain, Cross-Chain, MOFA, Developers, DeFi, Protocol, Rollups, Chain-Agnostic.