ZERO Network Launches Free Transaction Layer 2

ZERO Network, an Ethereum Layer 2 solution, enables Zerion Wallet users to trade, mint, swap, and bridge without gas fees.

Key Features

• Native Account Abstraction: Utilizing Smart Accounts and Paymasters, ZERO Network sponsors free transactions for users.
• Elastic Chain Ecosystem: Built on ZKsync technology, the platform allows gas fee abstraction through a dynamic scoring system called Onchain DNA, which assesses fee-free transaction eligibility.

Zerion co-founder and CEO Evgeny Yurtaev emphasized the need for users to navigate on-chain experiences without gas fees, likening them to tolls on highways. He stated that the ZERϴ Network seeks to simplify user interactions by merging wallet functionality with Layer 2, allowing users to send, swap, mint, and perform other actions without worrying about transaction complexities.

This user-centric strategy aims to provide real users with enhanced experiences rather than automated processes.

ZKsync co-founder Alex Gluchowski remarked that ZERϴ’s mainnet launch marks a new era for on-chain transactions, enhancing scalability and accessibility for everyday users.

Funding Announcement

Zerion also secured funding from angel investors including Cooper Turley, Spencer Noon, Yearn lead developer Banteg, Alex Gluchowski, Patricio Worthalter, and NBA player Duncan Robinson, among others from notable organizations like Lido and OpenSea.