The era of the full chain is coming, welcoming the new king, Layerzero
Hello everyone, I am Da Sima. I am here to tell you some good news. The era of the full chain is coming. This will be a brand new era. The new hundred-fold king is coming, shocking everyone's attention.
Maybe everyone is confused about what the whole chain is?
What you should have heard about the most is cross-chain. For example, Polkadot and Astro Boy are cross-chains. So what is a full chain? “It is the project operability that can be achieved between different blockchains, including important The most important part is asset transfer and information exchange." The simple understanding is that the entire network is cross-chain without binding. Layerzero will realize this awesome blockchain technology and the new king we are talking about today!
Next, let’s take a closer look at the Layrezero project and its early ecology:
Background of the project:
Speaking of background, we need to understand that the current problems and dilemmas faced by the blockchain are called "information islands" because now different blockchain network data and assets are independent of each other, so interoperability is very important. What a difference! For example, EVM-compatible networks, such as BSC, polygan, and arbitrum. There are also networks that are not compatible with EVM, such as aptos, solana, Polkadot, etc.
For example, ordinary users do not want to switch back and forth between frequent cross-chain transfers when using the Xiaofox wallet, because this operation is very troublesome. For a different network, we have to register different wallets, such as switching to aptos. Sui, Solana, and Astro Boy all have their own exclusive wallets. So when we want to use our own money, if there are too many wallets, we don't know which wallet our money is in. If we look here and there and can't find it, it will cause a lot of trouble, and the operation steps will be extremely troublesome. At the same time, this is also the dilemma and disadvantage of the current blockchain network.
However, the emergence of Layrezero's full-chain era has helped us solve this problem. At the same time, we only need one application to freely interact with all main blockchain networks. Doesn't this sound better than cumbersome operations? use? Blockchain has been developed for more than 10 years, but the information between them is blocked. The goal of Layrezero is to break the blockage of traditional messages and the cumbersome cross-chain transfers, so as to achieve interconnection and interoperability between the main networks of each block. Now that we’ve talked about the background of the project, let’s take a look at what this project is like!
Project Introduction:
The name Layrezero can represent some of his characteristics. His Chinese name is "Zero Layer", so what does Zero Layer mean? Everyone should know that the public chains we are familiar with, such as the main network of Ethereum, belong to Layer 1, [a layer of network]. Everyone should know this, and the expansion plan of Ethereum, which is well known to everyone now and has always been relatively popular, is called Layer 2, [Layer 2 Network]. So Layrezero [zero floor], so what Layrezero does is the lowest level of work, which is one layer lower than the first floor. It is equivalent to a luxurious villa, which requires a stronger foundation. Therefore, in essence, Layrezero It is a full-chain interoperability protocol. He built a new ultra-light node model to provide secure and reliable infrastructure for various cross-chain protocols. The focus of this business is to integrate major mainstream public chains and enable information exchange between major mainstream public chains. Achieve free flow of assets. At the same time, it can also solve the current liquidity fragmentation situation and achieve a state of comprehensive free circulation.
How to realize asset interoperability:
Speaking of how to achieve asset interoperability, how to solve this problem? Let’s talk about some dry stuff here.
Layrezero actually has a unique trick, the English name is abbreviated as [OFT], and the Chinese name is full-chain replaceable token. By burning this token from the original block, it is re-cast to the blockchain to be transferred. On the Internet, the interoperability of assets across the entire chain should be realized by everyone.
Next, let’s talk about the founding team and investment institutions:
Layrezero Labs was founded in 2021 and is headquartered in Vancouver, Canada. Its co-founder and CEO is Bryan Pellegrino. He was once a talented poker player. He was a good player. He once swept the army in 2012. , won the championship of the World Poker Competition, he is a proper god of gambling, maybe he is already at the pinnacle of his field, invincible and lonely, he will move to the blockchain field in 2021 and is committed to solving high-level problems in the blockchain field. Difficult technical problems. In order to achieve my goal, I also invited two good friends from the Computer Network Laboratory of Bush University. The three founded Layrezero Labs together.
At the same time, the project's white paper was released in late May 2021, followed by the completion of a US$6 million Series A financing in September. This round of financing was led by Multicoin Capital Binance Labs SinoGlobal. With the full emergence of the project's full-chain technology , in March 2022, the A+ round raised another US$135 million, led by FTX, A16Z, and Sequoia Capital, which have become a thing of the past.
After the A+ round of investment, the project valuation has exceeded an astonishing US$1 billion. It can be seen from this that the business capabilities of Layrezero’s founding team are still good, at least the financing capabilities are not much to say, and they are very awesome. Ha ha. With the blessing of large institutions and large funds, coupled with the characteristics of the project, it ranks first in the entire track, which confirms the saying that a good horse deserves a good saddle. The addition of other institutions has accelerated Layrezero's overall development. The arrival of the chain era. At the same time, the full-chain track will also be a highly anticipated project and a popular track.
Finally, what I want to say is that although Layrezero can now interact and airdrop, what I want to say is that for us as practitioners, investment research is only the essence, and hair-raising is just a side job on the road to investment research. Many people are thinking about getting rich overnight. In Da Sima's opinion, it is only a matter of time. The full-chain technology of Layerzero is still in its early stages. But don't worry, the community is in the process of scheduling and discussions. I believe we will give everyone a satisfactory explanation. Then it will be time for impact. I just hope that everyone will not fall behind, and blockchain technology will not stop because of the bear market and economic crisis. Thank you for reading. We will continue to follow up. If there is good news, we will I will notify everyone in the group immediately and hope that we can bring you good news.
Layrezero investment institution shows:
