Crypto News – By Q3 2024, Zeus Network, the company behind the Solana-to-Bitcoin cross-chain bridge, will introduce its Zeus Program Library (ZPL), which will link the two ecosystems.
Cross-chain bridge Zeus Network to Launch ZPL in Q3 of 2024
Developers can incorporate native Solana support into decentralized applications and power transactions across multiple blockchains with ZPL, a suite of Solana Virtual Machine (SVM) programs.
These ZPL-Assets unlock a world of opportunities on Solana. Facilitating activities like DeFi, GameFi, SocialFi, DePIN, and more, which were previously challenging on the Bitcoin blockchain. ZPL-Assets can be either fungible (cryptocurrencies) or non-fungible (NFTs), representing a wide range of digital assets. With a market cap of approximately 1.2 trillion dollars, and over 11,000 Runes generating over $135 million in fees within the first week on the Bitcoin blockchain, the potential for value transfer is immense.
Zeus Network
About ZPL
Zeus Network has the support of the co-founders of Stacks and Solana, Anatoly Yakovenko and Muneeb Ali. At a $100 million value, the protocol raised $8 million in a fundraising round on April 8.
Users deposit Bitcoin through ZPL and the bridge protocol Apollo, and in exchange, they obtain ZPL-wrapped zBTC tokens that they may use to interact with the Solana ecosystem’s decentralized exchanges, NFT marketplaces, lending, borrowing, gambling, and SocialFi.
The creators intend to add Bitcoin Runes and Ordinals—dubbed “zRuneX” and “zOrdX,” respectively—to the list of ZPL-supported assets on Solana. Enabling Bitcoin staking on its Apollo mainnet is one of the other objectives on its Q3 agenda.
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