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- 1 LayerZero tied up with Google to bring Oracle for the verification of its users.
- 2 To many industry analysts, it is a big move as it brings a mainstream channel into the blockchain space.
- 3 Besides Google, LayerZero also partnered with other companies to strengthen its service portfolio.
LayerZero is a cross-chain communication protocol very popular among crypto users. It establishes secure interactions across multiple blockchains. The networks it supports include Solana, EVM chains, Aptos, and SUI. While accelerating interoperability, it also addresses many other issues. Additionally, it keeps taking steps toward the advancement of the platform. Following the same vein, it has tied up with Google Cloud.
What Does the Partnership Between LayerZero and Google Mean?
Google Cloud has agreed to deploy its oracle on the multi-chain network of LayerZero. The latter celebrated this development and shared it through a post on X (formerly Twitter). With this new update, the Oracle will operate as the Hypertext transfer protocol. To be more precise, it will verify all LayerZero messages. Moreover, the new solution is compatible with many scalability solutions.
It will empower users to customize their security settings as per the application needs. Google is not the only one with whom LayerZero has been associated. In the last 24 hours, it has partnered with many other organizations inside and outside the crypto space. Those include Preon Finance, Omnichain NFT, and Tevaera gaming ecosystem.
What Do These Partnerships Mean For LayerZero Users?
There are many boxes that LayerZero is checking with these associations. Even for non-users, this information might be helpful.
Better Solutions
With a new line of service providers, LayerZero is now able to make its services much better. The Oracle will improve interoperability which means the communication will get better. It will also eliminate the need for intermediaries making the system faster and safer.
More Services
Among the new partners, LayerZero has a game developer, an NFT ecosystem, and a financial institution. So, the principal company is able to widen its ambit of solutions. It will offer more to its users now.
Web3 Adoption
LayerZero has paved the way for Web3 adoption with this new step. It has taken a step further which will give it an upper hand on many fronts. It will also possibly foray into other additional domains.
Market Dominance
LayerZero has certainly amped up its games in the market with this association. The news of multiple partnerships already got the market participants excited. Moreover, the name Google has carrying great influence here.
What Does it Mean for the Crypto Industry?
Since the beginning, crypto has been a distinct niche. Although it has some big names, the space didn’t draw attention from traditional biggies. Finally, it’s happening and LayerZero has become a part of it. First, it was BlackRock with ETF filing, and now, Google. It seems that the scenario is just getting better.
LayerZero, being a communication platform may even draw the attention of other big organizations. After all, it will give them a chance to establish themselves in the decentralized domain. Thus, this is definitely a big development that brings so many possibilities. It could become a precedent for the other companies willing to explore blockchain.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
