The move allows Flare to access Layer 1 networks such as Ethereum and Solana, in addition to over 70 other blockchains.
The data-focused blockchain Flare has been integrated into the cross-chain messaging platform LayerZero.
The more than 50,000 decentralized applications that have added support for Flare can now use Flare, and any chain can incorporate Flare for decentralized data, according to a release shared with The Block. "This is an incredibly valuable integration for all users and builders on Flare," said the firm's co-founder Hugo Philion in a statement. "Deployment of LayerZero V2 will help accelerate Flare’s expansion, paving the way for builders to develop a wide variety of innovative interoperable products."LayerZero saw around 40,150 daily messages as of June 28, according to The Block's Data Dashboard.
Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures. © 2023 The Block.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
LayerZero ZRO token airdrop goes live with a controversial claiming mechanismLayerZero’s newly-launched token ZRO has noted a double-digit price decline one day after its launch.
Read more »
LayerZero Says Users Must Pay 10 Cents Per ZRO To Claim TokenShaurya is the Deputy Managing Editor for the Data & Tokens team, focusing on decentralized finance, markets, on-chain data, and governance across all major and minor blockchains.
Read more »
Here’s what you need to know about LayerZero ZRO token airdropLayerZero, a project that enables data transfer across blockchains is set to airdrop ZRO token to eligible users.
Read more »
LayerZero's ZRO token faces mixed reactions as sybil crackdown continuesLayerZero, the cross-chain communication and messaging protocol, last week launched its native token ZRO.
Read more »
Ark Labs launches to develop new Bitcoin Layer 2 payments networkArk aims to deliver a more simplified Bitcoin Layer 2 solution without the need to manage nodes, payment channels and liquidity.
Read more »
Bitcoin Layer 2 Ark Protocol's Team Forms New Firm as Lightning Network CompetitorJamie Crawley is a CoinDesk news reporter based in London.
Read more »