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Market News

LayerZero & Google Cloud Partners to Boost Web3 Interoperability

LayerZero provides developers with a selection of verifiers known as oracles with the security of a dApp's cross-chain functionality.

Written By Jalpa Bhavsar
Published September 12, 2023 12:48 PM
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LayerZero & Google Cloud Partners to Boost Web3 Interoperability

The developer of the cross-chain messaging protocol, LayerZero Labs, announced a new partnership with Google Cloud. The collaboration aims to enhance its cross-chain environment’s security through a high-performance and dependable cloud infrastructure and to accelerate the future of Web3 interoperability.

To secure messages on the LayerZero network, the Google Cloud will operate as LayerZero’s default oracle, as per the agreement. Developers creating decentralized applications (dApps) on top of LayerZero can now use the Google Cloud Oracle to verify transactions. 

LayerZero is an interoperability protocol which allows seamless communication, such as transferring data, assets, and information between blockchains, without harming security. To secure a dApp’s cross-chain functionality, LayerZero provides developers with a selection of verifiers known as oracles, distinct networks that approve or reject cross-chain messages based on their validation logic.

LayerZero has always shown continuous growth, and now it processes around 10 million messages in a month. The Google Cloud oracle will verify messages across the fifteen different chains, including Ethereum, Arbitrum, Optimism, Polygon, BNB, and Avalanche.

Bryan Pellegrino, CEO of LayerZero Labs, said, “From inception, we designed LayerZero to provide ultimate optionality for a truly decentralized architecture. With LayerZero’s exponential growth to now handling more than 95% of all cross-chain messaging, Google Cloud is the perfect partner to act as the default oracle.”

“Core to Google Cloud’s Web3 strategy is to collaborate with protocols that bring unique capabilities to the community and help make it easier for developers to build and scale applications on that network,” said James Tromans, Head of Web3, Google Cloud.

Also Read: FTX Lawsuit Seeks $21M Recovery From LayerZero

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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