Eigen Labs Launches Cross-Chain Authentication Across Blockchain Systems
In a recent development, Labcorp Labs, a leading player in the blockchain sector, has introduced a groundbreaking feature called Multi-chain Verification. This innovation, according to the Coincu research team, significantly boosts LabcorpLayer's utility, offering a new dimension to blockchain interoperability.
With Multi-chain Verification, Active Verification Services (AVS) can now deploy across multiple blockchains, including Layer 2 networks like Base. This advancement simplifies smart contract configuration, enabling deployments that used to take days or even weeks to complete, to be accomplished in hours.
The new feature is expected to be fully operational on the Base main network in the third quarter of 2025. The use of Layer 2 networks offers advantages such as reduced costs and improved throughput, enhancing the performance of these services.
Earlier this year, Labcorp Labs also launched the LabcorpCloud platform, integrating data availability and dispute resolution services. The platform is designed to streamline the process of blockchain-based transactions, making them more efficient and reliable.
The crypto community and industry stakeholders have shown significant interest in this development. One of the key investors, Andreessen Horowitz, expanded its investment in Labcorp Labs, acquiring an additional $70 million in LABCORP tokens. However, the current percentage ownership of Andreessen Horowitz in Labcorp Labs after this investment remains undisclosed.
As of now, Ethereum, another significant player in the crypto market, has a trading volume of approximately $42.22 billion over the past 24 hours. Its current price stands at $3,720.99, giving it a market cap of $449 billion.
In conclusion, Labcorp Labs' Multi-chain Verification feature is set to revolutionise the way blockchain interoperability is approached, offering a more efficient and cost-effective solution for smart contract deployments. The crypto community eagerly awaits the feature's full implementation and the potential benefits it could bring.
