KEY TAKEAWAYS
- LayerZero introduces lzRead, a tool enabling developers to access data from any blockchain network with a single function call.
- lzRead simplifies complex onchain queries, benefiting DeFi, governance, and NFT applications by providing historical and current data access.
- Prominent teams like Chaos Labs and Wintermute are exploring lzRead’s potential for omnichain data accessibility and composability.
- EigenLayer and AltLayer leverage lzRead to enhance cross-chain services and infrastructure, expanding omnichain capabilities.
The cryptocurrency landscape is witnessing a significant shift as leading teams embrace omnichain capabilities. LayerZero’s latest innovation, lzRead, is at the forefront of this transformation, enabling developers to request, transform, and access data from any blockchain network through a single function call. This new data primitive expands LayerZero’s messaging protocol, allowing applications to retrieve and compute onchain data from multiple networks without the costs associated with subscription-based services or internal server setups.
With lzRead, applications can now access both historical and current data from any blockchain, simplifying complex onchain queries for decentralized finance (DeFi), governance, non-fungible tokens (NFTs), and more. Several prominent teams, including Chaos Labs, Wintermute, Apechain, Agora, EigenLayer, Gelato, Ambient, and AltLayer, are actively researching and developing use cases for lzRead to make omnichain data more composable and accessible across the crypto ecosystem.
Innovative Use Cases for lzRead
ApeChain is leveraging lzRead to verify ownership of Bored & Mutant Apes on Ethereum across chains. Through the integration of lzRead, “NFT Shadows” are created—soulbound tokens that act as onchain mirrors of mainnet NFTs. This enables omnichain functionality without the need for bridging or transferring assets. These NFT Shadows reflect ownership directly from Ethereum to ApeChain, providing a decentralized, trustless method for verifying holdings.
Wintermute has utilized lzRead in the Wintermute2024 U.S. election prediction market across Ethereum, Arbitrum, and Base. This application demonstrates how decentralized infrastructure can deliver tamper-proof and transparent outcomes. By coordinating election resolution through lzRead, Wintermute achieved accuracy and consistency across networks, showcasing the potential of lzRead in supporting decentralized systems in complex, multi-chain environments.
Expanding Omnichain Capabilities
EigenLayer is exploring how lzRead can enable actively validated services (AVSs) to serve consumers on any chain supported by the LayerZero protocol. This feature allows AVSs to offer services across various chains, integrating them into different ecosystems. Agora, a governance platform, uses lzRead to aggregate votes from token holders across different chains, creating a secure and streamlined governance process that includes all participants.
Plume, an infrastructure hub for Real World Assets (RWAs), leverages lzRead to power its SkyLink protocol, which provides continuous, cross-chain yield streaming for tokenized RWAs. SkyLink uses lzRead to ensure fast, secure state updates, allowing investors on multiple blockchains to receive real-time yield distributions without bridging or custody complexities.
AltLayer expands lzRead’s capabilities by offering a full Decentralized Verifier Network (DVN) service and keeper functionality, providing smooth data access and task automation across chains. As a DVN partner, AltLayer supplies infrastructure that enables developers to access verified cross-chain data efficiently, without the overhead of multiple integrations.
For more information on lzRead and its applications, visit the LayerZero website here.
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