peaq, the layer-1 blockchain for DePIN and Machine RWAs, has announced a new collaboration with LayerZero, an industry-leading omnichain interoperability protocol for EVM blockchains. This partnership aims to enhance the connectivity and accessibility of DePINs on peaq across multiple blockchains within the Web3 ecosystem.
peaq and LayerZero Join Forces for Multi-Blockchain Collaboration
In preparation for its upcoming public launch, peaq has strategically aligned with LayerZero, a prominent interchain ecosystem that offers connectivity to over 80 blockchains of diverse types. This collaboration will enable DePINs on peaq to seamlessly interact with various blockchains, expanding their reach and facilitating cross-ecosystem collaborations.
This integration will empower DePINs on peaq to access liquidity and resources from a wide range of supported blockchains, positioning them as key players in the evolving Web3 landscape. By leveraging LayerZero’s capabilities, peaq aims to drive growth, foster collaboration, and attract new users from diverse backgrounds.
Kenny Zhang, Ecosystem Growth Lead at LayerZero, expressed enthusiasm for the role of DePINs and peaq in shaping the future of Web3:
The DePIN sector represents a significant advancement in Web3, with peaq emerging as a leading blockchain in this space. By enabling DePINs to leverage the broader Web3 ecosystem, we are enhancing their ability to bridge real-world value with the innovative solutions offered by DeFi. We are thrilled to support DePINs building on peaq in this journey.
peaq has been dedicated to promoting interoperability within Web3, ensuring seamless integration of its self-sovereign machine identities with various chains like Ethereum, Solana, and BNB Chain. The collaboration with LayerZero further underscores peaq’s commitment to fostering a connected and accessible Web3 environment.
The integration with LayerZero opens up new possibilities for DePINs on peaq, allowing them to tap into a vast pool of liquidity and data from multiple networks. With access to over 54,000 applications on different chains, DePINs can explore new avenues for growth and innovation.
Unlocking Liquidity Opportunities for Tokens on peaq’s DePINs
Leonard Dorlöchter, cofounder of peaq, emphasized the importance of interoperability for DePIN applications within the platform:
Interoperability is a key advantage of Web3 over its predecessor, Web2. For DePINs, the ability to seamlessly exchange data and liquidity with diverse dApps across Web3 is a game-changer that sets them apart from traditional Web2 systems. The integration with LayerZero empowers DePINs on peaq to leverage this advantage and solidify their position as leaders in the DePIN space.
LayerZero’s omnichain capabilities enable decentralized applications to communicate seamlessly across different networks, offering a unified platform for interaction. DePINs on peaq can now engage with leading decentralized exchanges, DeFi protocols, and various Web3 platforms, enhancing their accessibility and visibility within the ecosystem.