Blockdaemon integrates LayerZero to bring cross-chain capabilities to self-custodial wallet
Blockdaemon will integrate the cross-chain messaging capabilities of LayerZero into its self-custodial wallet.
The partnership further enhances LayerZero’s security, Ryan Zarick, CTO of LayerZero Labs said.
Blockchain infrastructure firm Blockdaemon is partnering with LayerZero Labs, the developer behind omnichain interoperability protocol LayerZero, to add cross-chain capabilities to its self-custodial wallet.
Blockdaemon to also operate a DVN on LayerZero
According to an announcement, the partnership with LayerZero Labs also sees Blockdaemon become the blockchain messaging protocol’s infrastructure provider. Blockdaemon will also operate a Decentralized Verifier Network (DVN) on LayerZero.
Other entities that will run DVNs include Animoca Brands, Google Cloud and Gitcoin.
5/ At launch, DVNs will be run by a wide variety of entities:@MIM_Spell @animocabrands @BlockdaemonHQ @delegatedotxyz @gitcoin @GoogleCloudTech @NethermindEth @P2Pvalidator @PolyhedraZK @StableLab @switchboardxyz @tapioca_dao & @Portalcoin by SuperDuper
— LayerZero Labs (@LayerZero_Labs) December 20, 2023
DVNs offer off-chain verification of messages and its launch expands the partnership with LayerZero, which includes the protocol’s use of Blockdaemon’s node-as-a-service platform. The collaboration follows the recent launch of LayerZero V2.
“The integration of both Blockdaemon’s Wallet with LayerZero and DVN (Blockdaemon Oracle) holds the promise of establishing a secure, compliant, and hyper-scalable entry point to liquidity pools while ensuring institutions retain complete control over their assets,” said Konstantin Richter, CEO and founder of Blockdaemon.
With this integration, Blockdaemon is targeting further institutional adoption for its self-custodial wallet as well as DeFi API. The company launched the wallet in April.
Commenting on the partnership, LayerZero Labs CTO and co-founder Ryan Zarick, stated:
“LayerZero Labs aims to develop cross-chain infrastructure and interoperability technology that is built to last: always immutable, permissionless, and censorship-resistant. Blockdaemon’s integration of the LayerZero protocol into their industry-leading MPC wallet and participation as a DVN within LayerZero demonstrates the enterprise-grade utility of the LayerZero protocol and expands the number of DVNs that developers can choose to leverage within their Security Stack,” the LayerZero Labs exec added.
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Filed under: Bitcoin - @ December 21, 2023 7:22 pm