Blitz Integration with Global Payment Network 'Stella'nOmnichain Linked to 150 blockchains and 500 assetsnExpanding territories such as KRW-based multi-chain stablecoin 'KRWq'nKristy Art Auction PartnershipnOhio State, U.S. Tax Credit Benefit to Layer 0
LayerZero, the "Omnichannel Protocol" that supports interoperability between blockchains, is expanding the global ecosystem at a breakneck pace.
It recently announced a surprise integration with the global payment network 'Stellar', speeding up the establishment of a 'crypto super network' that unites more than 150 blockchains.
Layer Zero Labs formalized its integration with the Stella network on its official channel on the 8th (local time).
The integration makes Layer Zero the most extensive interoperability infrastructure that connects more than 150 blockchains and more than 500 assets.
In particular, the industry is paying attention to the fact that Stella's strengths, RWA (real asset) tokenization and cross-border payment capabilities, flow into the ecosystem as a layer-zero.
As Stella-based services such as MoneyGram Access are connected to major DeFi networks such as Ethereum and Solana through Layer Zero, enormous synergy is expected.
This 'wide-ranging move' of Layer Zero does not remain only in the simple virtual asset market. Recently, the US state of Ohio has approved tax deductions, accelerating the incorporation of the mainstream economy.
According to local media on the 10th (local time), Layers Zero promised to create 535 new jobs and pay $15 million (about 20 billion won) in new salaries instead of receiving eight years of tax credits from Ohio.
This means that virtual asset infrastructure companies have been officially supported by the U.S. state government and recognized as key players in the local economy.
It is also speeding up its efforts to tap into the domestic market. In September, Layer Zero launched the country's first multi-chain won-based stablecoin "KRWq" in cooperation with Quanthaven and IDX.
By utilizing layer-zero omni-chain technology, KRWq can be used as a payment and DeFi bridge asset by moving freely across various chains such as Ethereum, Polygon, and Avitrum.
Layer-zero territorial expansion is even aimed at the art auction market. In September this year, Layer Zero was selected as an exclusive blockchain partner for Christie's London, a world-renowned art auction house.
Layer Zero has expanded the contact point between the art market and the blockchain by minting (issuing) commemorative records in the form of NFTs (non-fungible tokens) to buyers of the auction.
"Layer Zero encompasses the RWA and payment market through Stella integration, the Asian market through KRWq, and the cultural domain through the Christie's partnership," an industry official said. "It is evolving into a 'layer of everything' beyond simple cross-chain asset transfer, taking a step ahead of the competition for core infrastructure in the next-generation digital economy."
