LayerZero aims to facilitate seamless communication between different blockchain networks. As a “full-chain” solution, it supports lightweight messaging across various chains, ensuring reliable and secure messaging.
Despite the recent decline, LayerZero is still showing good growth momentum. Moreover, it has risen by 31.64% in the past week, reflecting bullish market sentiment.
Meanwhile, LayerZero recently integrated with Trident3’s peer-to-peer digital identity solution T3id. Through this partnership, users can quickly identify themselves on more than 70 blockchains through LayerZero’s infrastructure. T3id uses non-fungible tokens (NFTs), a non-saleable, non-transferable model that is uniquely tied to a specific wallet.
Users can use the same identity across blockchains using a “lock and mint” model, which involves locking the original NFT in a smart contract and minting an equivalent in another network. In addition, LayerZero’s ability to enable direct, trustless communication between blockchains highlights its potential for growth and adoption in the blockchain ecosystem.