A16z, venture capital firm, has reiterated its commitment to
LayerZero by investing a further $55 million. Prominent gaming company,
Ubisoft, has partnered with LayerZero to create a platform for the easy migration of crypto game assets. Enhancing security and connectivity in the stablecoins segment,
Fireblocks has announced its integration with LayerZero. Deutsche Telekom subsidiary,
MMS, has announced its incorporation into LayerZero to bolster cross-chain security.
Bryan Pellegrino, discussed his conviction, culture, and capital in enabling LayerZero to build a $3 billion startup, meanwhile, the platform has empowered PayPal to transfer USD stablecoin between
Ethereum and
Solana. The platform's native currency, ZRO, has seen a meteoric rise of 75% after it broke free from a prolonged downtrend.
Tether has teamed up LayerZero in launching a cross-chain stablecoin dubbed USDT0.More partnerships has surged with the integration of TON, Libre, Ondo, Cronos EVM, and other platforms with LayerZero for increased cross-chain functionality and liquidity.
Wyoming has announced plans to launch a state-backed stablecoin WYST using LayerZero's technology, due in July.Another significant development includes the integration of LayerZero’s
Stargate with
Cronos EVM, connecting 115+ blockchains. However, Stargate was reportedly down for 6 hours due to a DVN malfunction, which was later rectified. Meanwhile, LayerZero has also launched a cutting-edge database optimized for blockchain data.
Andreessen Horowitz has further deepened their relationship with LayerZero by investing $55M more into LayerZero’s native token, ZRO.
GOAT Network has partnered with LayerZero to advance OFT technology.
LayerZero News Analytics from Wed, 19 Jun 2024 07:00:00 GMT to Wed, 28 May 2025 23:35:21 GMT -
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- Innovation 8
- Information 9
- Rumor -1
