- Blockdaemon will integrate LayerZero’s cross-chain messaging capabilities into its self-custodial wallet.
- The partnership further enhances LayerZero’s security, said Ryan Zarick, CTO of LayerZero Labs.
Blockchain infrastructure company Blockdaemon is working with LayerZero Labs, the developer behind omnichain interoperability protocol LayerZero, to add cross-chain capabilities to its self-custodial wallet.
Blockdaemon will also operate a DVN on LayerZero
According to an announcement, the partnership with LayerZero Labs will also see Blockdaemon become the infrastructure provider of the blockchain messaging protocol. Blockdaemon will also operate a Decentralized Verifier Network (DVN) on LayerZero.
Other entities that will conduct DVNs include Animoca Brands, Google Cloud, and Gitcoin.
5/ At launch, DVNs will be managed by a wide variety of entities: @MIM_Spell @animocabrands @BlockdaemonHQ @delegatedotxyz @gitcoin @GoogleCloudTech @NethermindEth @P2Pvalidator @PolyhedraZK @StableLab @switchboardxyz @tapioca_dao & @Portalcoin by SuperDuper
— LayerZero Labs (@LayerZero_Labs) December 20, 2023
DVNs provide off-chain verification of messages and their launch expands the partnership with LayerZero, including the protocol’s use of Blockdaemon’s node-as-a-service platform. The collaboration follows the recent launch of LayerZero V2.
“The integration of both Blockdaemon’s Wallet with LayerZero and DVN (Blockdaemon Oracle) holds the promise of creating a secure, compliant, and hyper-scalable entry point to liquidity pools, while at the same time allowing institutions to maintain full control over their assets.” says Konstantin Richter, CEO and founder of Blockdaemon.
With this integration, Blockdaemon is targeting further institutional adoption of its self-custodial wallet and DeFi API. The company launched the wallet in April.
Commenting on the partnership, LayerZero Labs CTO and co-founder Ryan Zarick stated:
“LayerZero Labs strives to develop cross-chain infrastructure and interoperability technology that is built to last: always immutable, permissionless, and censorship resistant. Blockdaemon’s integration of the LayerZero protocol into their industry-leading MPC wallet and participation as a DVN within LayerZero demonstrates the utility of the LayerZero protocol at an enterprise level and expands the number of DVNs developers can use within their Security Stack,” added the LayerZero Labs director.