Blockdaemon announces integration with LayerZero

7:49 am
December 22, 2023

### Blockdaemon and LayerZero Partner to Integrate Cross-Chain Capabilities

Blockchain infrastructure company Blockdaemon has announced a partnership with LayerZero Labs, the developer of omnichain interoperability protocol LayerZero. The collaboration will see Blockdaemon integrating the cross-chain messaging capabilities of LayerZero into its self-custodial wallet. The integration aims to enhance the security of LayerZero while expanding Blockdaemon’s institutional adoption for its services.

According to an announcement by Blockdaemon, the partnership will also see the company becoming the infrastructure provider for LayerZero Labs and operating a Decentralized Verifier Network (DVN) on LayerZero. Other entities that will run DVNs include Animoca Brands, Google Cloud, and Gitcoin.

The DVNs offer off-chain verification of messages and their launch expands the partnership with LayerZero, which includes the protocol’s use of Blockdaemon’s node-as-a-service platform. The integration is part of Blockdaemon’s effort to target further institutional adoption for its self-custodial wallet and DeFi API. With this partnership, Blockdaemon aims to establish a secure, compliant, and hyper-scalable entry point to liquidity pools while ensuring institutions retain complete control over their assets.

LayerZero Labs CTO and co-founder Ryan Zarick emphasized that the integration demonstrates the enterprise-grade utility of the LayerZero protocol and expands the number of DVNs that developers can leverage within their Security Stack.

The partnership signifies a significant step in advancing the capabilities of both companies and reinforces their commitment to driving innovation in the blockchain space.

### FAQ

#### What is the purpose of the partnership between Blockdaemon and LayerZero?
The partnership aims to integrate the cross-chain messaging capabilities of LayerZero into Blockdaemon’s self-custodial wallet, enhance LayerZero’s security, and expand Blockdaemon’s institutional adoption.

#### What is the role of Blockdaemon in the partnership?
Blockdaemon will become the infrastructure provider for LayerZero Labs and operate a Decentralized Verifier Network (DVN) on LayerZero.

#### What are the benefits of the integration for both companies?
The integration aims to establish a secure, compliant, and hyper-scalable entry point to liquidity pools while ensuring institutions retain complete control over their assets. It also demonstrates the enterprise-grade utility of the LayerZero protocol and expands the number of DVNs that developers can leverage within their Security Stack.

Sources:
– https://www.blockdaemon.com/blog/announcing-blockdaemons-partnership-with-layerzero-labs
– https://coinjournal.net/blockdaemon-integrates-cross-chain-economic-layerzero/


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