Virtuals Protocol, an AI agent infrastructure platform for the on-chain financial system, introduced that it’s going to migrate its cross-chain operations from LayerZero to Chainlink CCIP. The transfer will assist the switch of over $700 million value of VIRTUAL tokens and develop into the protocol's proprietary cross-chain infrastructure.
This resolution follows an intensive safety overview performed by Virtuals following latest LayerZero-related exploits. Based on the corporate, the overview targeted on strengthening the infrastructure wanted for autonomous AI brokers that may commerce, coordinate, earn income, and transfer worth throughout a number of blockchains.
Virtuals Protocol develops instruments to create and monetize AI brokers. These brokers could be launched, tokenized, funded, and managed as unbiased members within the on-chain financial system.
Chainlink, a blockchain oracle and interoperability community supplier, was chosen after Virtuals evaluated out there cross-chain options. The corporate highlighted a number of options of CCIP, together with a community of unbiased node operators, built-in price limiting designed to scale back threat throughout irregular occasions, and compliance certifications resembling SOC 2 Sort 2 and ISO 27001.
With the migration, all cross-chain operations inside the Virtuals ecosystem will now be carried out by way of CCIP. The corporate believes this method supplies a excessive stage of safety for customers and might assist the long-term development of AI-driven functions throughout the on-chain financial system.
Picture: Wonderful
