The Telos Foundation announces the availability of a bridge solution that will let users move assets and data across any LayerZero-supported blockchain.
According to a statement made on October 24, the combined effort intends to increase blockchain scalability, security, and usability, ushering in what Telos hopes will be a new age for the sector.
People can already move assets between Telos and several blockchain networks, including Ethereum, BSC, Arbitrum, Avalanche, and Polygon, using the Telos Bridge, and support for additional chains is on the horizon.
Thanks to the new endpoint, applications linked with LayerZero will now be able to communicate directly with the Telos Network. As a result, programmers building applications for other LayerZero-supported networks now have the opportunity to add Telos connectivity to their products.
The announcement ends by urging users and programmers to test the bridge and investigate the associated features of this new alliance.
Growth Through Partnerships
Telos, well-known for developing one of the fastest Ethereum Virtual Machines currently on the market, tEVM, has made a few more announcements this year.
Along with the June announcement of a cooperation with GameStop, Telos, earlier in October struck a partnership agreement with ApeSwap, a decentralized exchange on BNB to provide consumers with high-yield farming products. Meanwhile, LayerZero has just come under fire for having connections to the defunct FTX.