2024

LayerZero

Cosmos

Partner

Flare

An omnichain protocol, LayerZero Labs and Initia Labs have teamed up to create an interoperability solution linking Cosmos SDK chains with LayerZero chains, enhancing blockchain communication capabilities. 
Unlike other smart contracts, LayerZero will build its solution as a Cosmos SDK Module. This approach works for both VM and non-VM, which is great for developers who have to work with different blockchains. 
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 LayerZero Labs and <a href="https://twitter.com/initiaFDN?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">@initiaFDN</a> are developing an interoperability standard for Cosmos that enables Cosmos chains to connect to LayerZero-enabled chains, allowing for omnichain interoperability. Details here: <a href="https://t.co/aA626Eq4Af" target="_blank">https://t.co/aA626Eq4Af</a> <a href="https://t.co/o4ADTHgci9" target="_blank">pic.twitter.com/o4ADTHgci9</a>— LayerZero Labs (@LayerZero_Labs) <a href="https://twitter.com/LayerZero_Labs/status/1811059104653488395?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">July 10, 2024</a>
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According to the <a href="https://medium.com/layerzero-official/layerzero-labs-x-initia-labs-6f9eca12659c" target="_blank" rel="noreferrer noopener nofollow">official announcement</a>, the initiative aligns with Cosmos’ vision of an “Internet of Blockchains” that are seamlessly interconnected. LayerZero’s omnichain interoperability vision is well-aligned with Initia Labs’ demonstrated capabilities in developing interconnected chains. 
Omnichain enables the transfer of value from one chain to another, including Cosmos, Solana, Ethereum, and others, without the need for the user to engage with every chain individually. This capability is necessary for the growth of the decentralized application (dApp) ecosystem and the improvement of its performance. 
Currently, LayerZero has processed more than 135 million cross-chain messages across over 80 blockchains and has integrated with over 200 applications. This capability is most useful in applications that involve interaction between different blockchain ecosystems. 
The incorporation of LayerZero with Cosmos SDK can be regarded as a major improvement in blockchain connectivity, enabling the development of bespoke blockchains (appchains) and improving the general versatility of decentralized applications. 
With the help of Initia Labs, LayerZero plans to expand its market presence and become one of the leaders in the omnichain interoperability market, which is in high demand due to the need for efficient blockchain communication. 
This collaboration is quite significant in the blockchain space and opens the door to future advancements in cross-chain solutions across different decentralized systems. 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 Also Read: <a href="https://www.cryptotimes.io/2024/07/04/flare-network-integrates-with-layerzero-connecting-to-70-blockchains/" target="_blank" rel="noreferrer noopener">Flare Network Integrates with LayerZero, Connecting to 70+ Blockchains</a> 
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LayerZero & Initia Labs Partner for Cosmos Interoperability

The Crypto Times

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