According to BlockBeats, LayerZero Labs announced on May 2nd that it had completed the first phase of its network snapshot at 11:59:59 PM UTC on May 1st, 2024. LayerZero Labs has indicated that more related information will be released soon. The completion of this first phase marks a significant milestone for the company. Further details about the network snapshot and what it entails are expected to be disclosed in the forthcoming announcements. LayerZero Labs has not provided any additional information at this time. The tech community is eagerly awaiting more details about this development.