Wormhole is an open source blockchain development platform designed to connect the decentralized web. It primarily serves blockchain developers and companies looking to build decentralized applications (dApps) that require secure cross-chain transfers of tokens or data. Operating in the blockchain and Web3 market, Wormhole offers a suite of tools and protocols to facilitate these transfers, including a messaging protocol for secure cross-chain communication, a query system for on-demand data retrieval from any blockchain, and an in-app bridging widget that can be integrated with minimal code.

The business model of Wormhole revolves around providing these tools and protocols to developers, who can then build and scale their own blockchain applications. Wormhole makes money through ecosystem programs supported by leading industry backers, which include funds and grants for teams building cross-chain solutions. Additionally, Wormhole's governance features allow for decentralized decision-making across multiple blockchain networks, enhancing the platform's appeal to developers focused on creating natively cross-chain applications.

Wormhole's market includes blockchain developers, decentralized finance (DeFi) platforms, and any entity looking to leverage cross-chain capabilities for their applications. By offering modularity in verification and relaying methods, Wormhole provides flexibility and choice to its users, driving liquidity and user growth across 23 different blockchain networks.

Keywords: blockchain, cross-chain, decentralized, Web3, messaging protocol, data queries, bridging widget, liquidity, governance, NFT.