ChainCatcher message, according to The Block report, Zerion has launched its Ethereum Layer 2 network ZERO Network, allowing Zerion Wallet users to waive Gas fees when trading, minting, swapping, and cross-chain transactions. ZERO Network utilizes smart accounts and Paymasters functionality to support free transactions through account abstraction, providing users with a 'zero fee' on-chain experience.
ZERO Network is built on ZKsync technology and is part of the Elastic Chain ecosystem, using a dynamic scoring system 'Onchain DNA' to evaluate whether an address qualifies for gas-free transactions.
Zerion also announced that it has received an undisclosed amount of funding from angel investors, including Cooper Turley, Spencer Noon, Yearn chief developer Banteg, Alex Gluchowski, Patricio Worthalter, and NBA player Duncan Robinson. According to the project, angel investors from companies such as Lido, Daylight, Celestia, ETHGlobal, and OpenSea also participated.
