LayerZero seems set to roll out its Zero blockchain, according to screenshots from a now-deleted YouTube video circulated by crypto community members on X.
The ZRO governance token experienced sharp swings amid speculation. According to CoinGecko data, ZRO fell more than 15% to $1.7 following rumors about the new network.
The token gained 13% yesterday after the project teased an announcement on social media. The team has yet to respond to the circulating rumors.
The network launch would mark a major expansion for the interoperability project, which connects more than 150 blockchain networks.
LayerZero’s infrastructure relies on decentralized verification networks and lightweight node technology to facilitate trustless communication between chains without depending on conventional bridge architectures.
The protocol has attracted backing from prominent venture firms, including a16z and Sequoia, positioning it among the more well-funded projects in the cross-chain infrastructure space.
ZRO debuted in June 2024 as a fixed-supply token of one billion units, serving governance and staking functions within the ecosystem.
Source: https://cryptobriefing.com/layerzero-zero-blockchain-launch/
