Moonbeam Recently Adopts Messaging Protocol LayerZero

Moonbeam Recently Adopts Messaging Protocol LayerZero

Moonbeam Recently Adopts Messaging Protocol LayerZero
Moonbeam Recently Adopts Messaging Protocol LayerZero

Polkadot parachain Polkadot said Monday that Moonbeam has added the cross-chain messaging protocol LayerZero to help Web3 work together.
Etherscan says that Moonbeam, a layer 1 blockchain protocol that has done 9.6 million transactions in its lifetime, is already using XCM, the internal messaging service of the Polkadot ecosystem.

The CEO of Moonbeam’s parent company, Purestake, Derek Yoo, said that the company’s integration of LayerZero, which raised $6 million in September in a Series A round, will make the messaging service available on more chains, such as Ethereum, BNB Chain, Polygon, and others. Yoo said that this will make developers more likely to put their apps on Moonbeam.

Through cross-chain messaging, Web3 interoperability has been getting better and better. Last week, three Solana-based projects came together to form the Open Chat Alliance. This alliance sets a standard for how protocols can communicate with each other. In May, CyberConnect, a Web3 data platform, got $15 million in Series A funding to move social information between protocols.

Yoo said that he hopes the integration will help Moonbeam become “a hub of activity.” Yoo said, “These messaging systems and the ability to connect with other people mean that your app will be used a lot across chains.”

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