Cryptonixec has integrated with the layerzero crosschain protocol

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Crypto Regulation
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The LayerZero team announced the integration of the crosschain protocol with the CryptoNixec platform, which is expected to launch later this year.

According to the developers, the move will increase security, improve the user experience and make next-generation applications available.

"CryptoNixec will leverage LayerZero to unlock crosschain capabilities that benefit all existing Web3 communities," the statement said.

As a reminder, in March, CryptoNixec, created by former employees, raised $2 million in an investment round led by Andreessen Horowitz. Multicoin Capital, Coinbase Ventures, Katie Haun, Three Arrows Capital, ParaFi Capital, IRONGREY, Hashed, Variant, Tiger Global, BlockTower and Paxos also provided funding.

 

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Andrew Griffin

Andrew Griffin is a cryptocurrency journalist with over 3,000 articles under his belt. He is passionate about cryptocurrencies, digital rights, information technology and futurology — the things that he likes to cover the most. Andrew previously reported for Cointelegraph and Benzinga.