LayerZero Labs, the team behind the cross-chain communication protocol LayerZero, has announced its integration with Google Cloud. This collaboration involves the use of Google Cloud oracles to verify the validity of all messages sent between blockchains across the LayerZero ecosystem. The startup aims to enhance the security and reliability of its network through this partnership.
By tapping into Google Cloud’s secure infrastructure, applications within the LayerZero ecosystem can now leverage a purpose-built verifier. This move comes after more than a year of collaboration between the two parties and is immediately available to all applications utilizing LayerZero.
LayerZero Labs likens the Google Cloud oracle to the “https” of cross-chain messaging. Just as Google verifies all https certificates to ensure the validity of websites, the Google Cloud oracle will verify all LayerZero messages by default. This integration significantly strengthens the network’s reliability and security.
Starting from September 19, 2023, Google Cloud will be configured as the default messaging verifier across the LayerZero platform. This milestone marks an important step for LayerZero in advancing its ecosystem and establishing trust among its users.
LayerZero Labs has achieved substantial success in terms of funding, having raised $120 million in its series B funding round. The round was backed by notable investors such as a16z, Sequoia Capital, Circle Ventures, and Samsung Next. This fundraising effort resulted in a valuation of $3 billion for the blockchain startup.
However, LayerZero Labs is also dealing with a legal challenge from FTX, as reported by CoinJournal. FTX Ventures, which co-led LayerZero’s extended Series A round with a $135 million investment, is seeking to recover $21 million. Despite this, LayerZero remains focused on its mission to provide secure and efficient cross-chain communication through its LayerZero protocol.
In conclusion, LayerZero’s integration with Google Cloud as the default verifier for its messaging system is a significant development for the blockchain startup. By leveraging Google’s secure infrastructure, LayerZero aims to enhance the security and reliability of its cross-chain communication network. This collaboration showcases the growing importance of partnerships between blockchain startups and established cloud providers to strengthen the ecosystem’s infrastructure and support its growth.