With the development of the entire blockchain industry, many different public networks have emerged with their own ecosystem. Since these public networks are incompatible with each other, the concept of cross-chain has come to help in the exchange of information.
The LayerZero protocol was created to solve the problem of insecure cross-chain bridges. According to representatives of LayerZero Labs, their project combined the economic efficiency of Polkadot and the security of Cosmos.
Recently, the Layer Zero protocol closed a powerful $120 million funding round with the support of a16z, Samsung, thanks to which the protocol was valued by investors at $3 billion!
Investments will be directed to the development of its technologies and infrastructure. The company claims its technology can solve blockchain scaling problems and improve the security of digital assets.
The project has already confirmed the $ZRO token and there is a high probability that in the future there will be a fat drop to active users, as was the case with Arbitrum, especially after such investments. Therefore, I decided to participate in LayerZero activities - more information in the profile header.
LayerZero already supports Ethereum, BNB Chain, Polygon, Avalanche, Fantom, Aptos, Arbitrum and Optimism. So, the project is extremely promising!
