The Telos Basis shares information of a bridge answer that can allow customers to switch property and knowledge between any blockchain supported by LayerZero.
Per an Oct. 24 announcement, the joint effort goals to enhance blockchain scalability, safety and user-friendliness, ushering in what the Telos goals to be a brand new period for the business.
Switch property
Leveraging the Telos Bridge, people now have the aptitude to switch property between Telos and numerous blockchain networks, together with Ethereum, BSC, Arbitrum, Avalanche and Polygon, with help for upcoming chains on the horizon.
1/ Introducing the Telos Bridge, Powered by @LayerZero_Labs!
Telos and LayerZero are proud to announce a strategic partnership centered on enhancing scalability, and safety whereas bettering ease of use inside the blockchain house. pic.twitter.com/Pi3BSXu3D1
— The Telos Basis (@HelloTelos) October 24, 2023
With the introduction of the brand new endpoint, purposes built-in with LayerZero can set up direct interactions with the Telos Community. This implies builders who’re developing purposes on different networks supported by LayerZero have the choice to broaden their choices to incorporate Telos integration.
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The announcement concludes by inviting customers and builders to attempt the bridge and discover the associated capabilities that include this new partnership.
Progress by way of partnerships
Telos, typically acknowledged for tEVM, one of many quickest Ethereum Digital Machines out there immediately, has introduced just a few different partnerships this 12 months. Earlier in October, Telos signed a partnership cope with ApeSwap, a decentralized change on BNB to supply customers high-yield farming merchandise, alongside a June announcement of a collaboration with GameStop.
On the similar time, LayerZero had lately been outed for having shut ties with the fallen FTX.
Learn extra: FTX sues LayerZero Labs to get well $21m