IRISnet is a blockchain network built on the Cosmos SDK, giving it great interoperability within the Cosmos ecosystem through the IBC protocol (Inter-Blockchain Communication Protocol). It is designed to be a foundation for next-generation decentralized applications. IRISnet is aiming to become an infrastructure layer for end-user services and applications. To achieve this, the project IRIShub, the first blockchain on IRISnet, is designed to enable as many business scenarios (NFTs, Coinswaps) as possible.