Rumors of a potential $110 million acquisition of the Stargate bridge by LayerZero Foundation have sparked discussions within the cryptocurrency community. However, there is no official confirmation at this time.
No Formal Announcement on Acquisition Rumor
As of now, there has been **no formal announcement** confirming the acquisition of Stargate for **$110 million**. The LayerZero community continues to focus on cross-chain developments and token drops rather than mergers and acquisitions.
Stargate Community Unaffected by Acquisition Speculation
Without any confirmation, both the **financial markets** and the **Stargate community** remain unaffected. Ongoing discussions in governance forums indicate there are no **changes in ownership** or capital influx.
LayerZero's Focus on Interoperability
Historically, LayerZero has explored **interoperability expansion** rather than acquisitions. Improvements in infrastructure continue to shape the **user experience** without major changes in ownership. Bryan Pellegrino, Co-Founder & CEO of LayerZero Labs, noted, "This distribution will happen in Q2 2025..." regarding the ZRO token airdrop, emphasizing their focus on technological developments.
In conclusion, the rumors surrounding the potential acquisition of Stargate by LayerZero remain unconfirmed, as community attention continues to focus on cross-chain projects and current developments.
