The LayerZero blockchain interoperability protocol has partnered with the Radix layer 1 protocol to provide users with omnichain communication services and enhance their Web3 experience.
According to a press release seen by CryptoPotato, the partnership will see the LayerZero protocol integrated into Radix’s Babylon public network in the second half of 2023.
LayerZero uses Radix for network integration
LayerZero is a blockchain messaging tool that allows decentralized applications (dApps) to communicate via 30 different protocols.
On the other hand, Radix, which is scheduled to launch in Q2 2023, offers developer-friendly dApp tools. The L1 protocol enables native account abstraction, human-readable transactions, and optimized execution for DeFi with a focus on usability.
With the collaboration, the Radix ecosystem will gain access to secure cross-chain communication tools upon launch. The users and developers of the protocol experience a more connected ecosystem, making it easier to use omnichain functionality and execute cross-chain asset transfers.
Integration with LayerZero will also allow Radix users to easily navigate different blockchain networks and access a wider range of services and assets.
Commenting on the alliance, Radix Foundation Director Piers Ridyard said:
“Our mission is to make cryptocurrencies accessible to everyday users. With the integration of the Radix platform with LayerZero, you are taking a significant step toward achieving that goal. This integration will not only improve the user experience on the Radix public ledger, but will also show the true potential of cross-chain interoperability.”
Expanding the reach of LayerZero technology
In addition, the partnership with Radix will broaden the reach of LayerZero technology, allowing a broader user base to gain access to the interoperability features of the protocol.
“We are delighted to be working with Radix to bring our LayerZero technology to their thriving ecosystem. This partnership aligns perfectly with our vision to create a unified Web3 ecosystem that connects the developers and user community of each blockchain,” said LayerZero CEO and Co-Founder Bryan Pellegrino.
Launched in 2021, LayerZero has evolved creating various interoperability tools. The interoperability protocol recently closed a $120 million Series B funding round, increasing its valuation to $3 billion from $1 billion reached last year.
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This post LayerZero partners with L1 Protocol Radix to improve Web3 user experience
was published first on https://cryptopotato.com/layerzero-partners-l1-protocol-radix-to-enhance-web3-user-experience/
