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Input Output CEO and founder Charles Hoskinson proclaimed an agreement to transition the institutional-oriented LayerZero to the Cardano blockchain.
Hoskinson at Consensus Hong Kong (Oliver Knight)
What to know:
- Hoskinson proclaimed a partnership to incorporate the institution-focused blockchain LayerZero onto the Cardano blockchain.
- LayerZero secured funding from Citadel Securities on Wednesday.
- Hoskinson expressed concern over the market decline, indicating sentiment is at a historic low while maintaining optimism regarding the broader crypto landscape.
Input Output CEO and founder Charles Hoskinson revealed an agreement to migrate LayerZero to the Cardano blockchain during a keynote address at Consensus Hong Kong on Thursday.
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LayerZero is a blockchain designed to support institutional-grade markets that received backing from Citadel Securities on Wednesday.
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The announcement coincided with the launch of Midnight's mainnet, which was also disclosed on Thursday morning.
Hoskinson, who humorously donned a McDonald’s uniform in reference to the recent market downturn, remarked: "The industry is not in good shape. S*** is getting real. Twitter is a nuclear dumpster fire. Sentiment is at an all time low."
However, he asserted that it represents a minor downturn, while the macro perspective remains positive.
