LayerZero, a blockchain interoperability protocol, has teamed up with Radix, a layer-1 protocol, to offer users omnichain communication services and enhance their Web3 experience. As per a press release published on CryptoPotato, the Babylon public network of Radix will integrate the LayerZero protocol in H2 2023.
Radix and LayerZero Collaborate for Network Integration
LayerZero is a blockchain messaging tool that lets decentralized applications (dApps) communicate across 30 different protocols. On the other hand, Radix, set to be launched in Q2 2023, offers easy-to-use dApp tools for developers. This L1 protocol allows native account abstraction, human-readable transactions, and DeFi-optimized execution with a focus on usability.
With this collaboration, the Radix ecosystem will get access to secure cross-chain communication tools after its launch. The protocol’s users and developers will enjoy a more connected ecosystem, making it easier to use omnichain functionality and execute cross-chain asset transfers.
Integrating with LayerZero will also allow Radix users to easily navigate different blockchain networks and access a broader range of services and assets.
Piers Ridyard, Director of the Radix Foundation, stated, «Our mission is to make crypto accessible to everyday users. With the Radix platform being integrated with LayerZero, it is taking a significant step forward in achieving that goal. This integration will not only enhance the user experience on the Radix public ledger but also showcase the true potential of cross-chain interoperability.»
Expanding the Reach of LayerZero Technology
In addition, the partnership with Radix will expand the reach of LayerZero technology, enabling a more extensive user base to access the protocol’s interoperability features. «We are thrilled to be working with Radix to bring our LayerZero technology to their thriving ecosystem. This partnership aligns perfectly with our vision of creating one unified Web3 ecosystem that connects each blockchain’s developers and user community,» said LayerZero CEO and co-founder Bryan Pellegrino.
Launched in 2021, LayerZero has developed several interoperability tools. The protocol recently concluded a $120 million Series B funding round, raising its valuation from last year’s $1 billion to $3 billion.
