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Peaq Adopts LayerZero’s OFT Standard

Twitter icon  •  Published 1 year ago on December 24, 2024  •  Hassan Maishera

On Monday, the LayerZero team announced via X that Peaq has adopted its OFT Standard for asset transfers between Ethereum and Peaq.

Peaq Adopts LayerZero’s OFT Standard

On Monday, the LayerZero team announced via X that Peaq has adopted its OFT Standard for asset transfers between Ethereum and Peaq. Peaq is a leading blockchain in DePIN, with over 3,000,000 devices across its ecosystem.

LayerZero is an interoperability protocol designed to facilitate seamless communication between different blockchains. It aims to create a unified, interconnected blockchain ecosystem where assets and data can move freely across various networks. ZRO trades at $.655, up 5.5% in the last 24 hours.

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Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.

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