Is Layer 3 Really Necessary?

While delving deeper into Layer 3, it becomes clear that it isn't just an extension of Layer 2 but a distinct solution on the Ethereum blockchain. Layer 3 serves as an omnichain distribution and identity network, facilitating interactions across multiple ecosystems. I refer to this project as the 'unparalleled portal to the crypto world' because it is currently the only protocol offering a decentralized omnichain identity and earning solution across various ecosystems.

One of the most attractive aspects of this protocol is its stake-to-earn incentives. Although the anticipated TGE, offering 7.5% of the total supply, might not be generating the expected buzz, exchanges like Bitget are already involved with a pre-market in play and a launchpool event in the works. Notable exchanges such as OKX and Bybit are also gearing up for its listing.

The project's unique and appealing concept warrants exploration, but the question remains: Do we really need a Layer 3 at this moment?