LayerZero Labs Launches Zero Blockchain with Institutional Support
- LayerZero Labs has launched Zero, a blockchain aimed at institutional financial markets, backed by Citadel Securities and ARK Invest.
- Citadel has invested in ZRO, the governance and staking token of the network, to explore high-throughput trading capabilities.
- ARK Invest participated by investing in both ZRO and LayerZero Labs’ equity; CEO Cathie Wood joins a new advisory board.
- The Zero blockchain introduces a “multi-core world computer” using a heterogeneous validator model for execution and verification separation.
- Major institutions like DTCC, ICE, and Google Cloud are exploring real-world applications for Zero in areas like tokenization and AI micropayments.
The launch of Zero by LayerZero Labs marks a significant step in blockchain technology with backing from major financial players like Citadel Securities and ARK Invest. The new architecture aims to revolutionize institutional-grade financial markets through innovative execution models.
Source (3.2)https://cryptobriefing.com/zero-blockchain-launch-interoperability/?rand=59535
