Telos and LayerZero announces strategic partnership
The Telos Basis shares information of a bridge answer that may allow customers to switch property and information between any blockchain supported by LayerZero.
Per an Oct. 24 announcement, the joint effort goals to enhance blockchain scalability, safety and user-friendliness, ushering in what the Telos goals to be a brand new period for the trade.
Switch property
Leveraging the Telos Bridge, people now have the potential to switch property between Telos and numerous blockchain networks, together with Ethereum, BSC, Arbitrum, Avalanche and Polygon, with help for upcoming chains on the horizon.
1/ Introducing the Telos Bridge, Powered by @LayerZero_Labs!
Telos and LayerZero are proud to announce a strategic partnership targeted on enhancing scalability, and safety whereas enhancing ease of use inside the blockchain house. pic.twitter.com/Pi3BSXu3D1
— The Telos Basis (@HelloTelos) October 24, 2023
With the introduction of the brand new endpoint, purposes built-in with LayerZero can set up direct interactions with the Telos Community. This implies builders who’re establishing purposes on different networks supported by LayerZero have the choice to develop their choices to incorporate Telos integration.
You may also like: Telos, ApeSwap, Associate to Provide Customers Excessive-Yield Farming Merchandise
The announcement concludes by inviting customers and builders to strive the bridge and discover the associated capabilities that include this new partnership.
Progress by way of partnerships
Telos, usually acknowledged for tEVM, one of many quickest Ethereum Digital Machines accessible in the present day, has introduced a couple of different partnerships this 12 months. Earlier in October, Telos signed a partnership take care of ApeSwap, a decentralized alternate on BNB to supply customers high-yield farming merchandise, alongside a June announcement of a collaboration with GameStop.
On the identical time, LayerZero had not too long ago been outed for having shut ties with the fallen FTX.
Learn extra: FTX sues LayerZero Labs to get better $21m
