LayerZero Acquires Stargate Bridge for $110 Million, Transitioning to ZRO Token

LayerZero Foundation has proposed acquiring the Stargate bridge for $110 million, signaling a move away from the STG token and toward its native ZRO token. This strategic acquisition aims to streamline cross-chain infrastructure by consolidating operations under one platform. 💰 The proposal includes phasing out the STG token in favor of ZRO, impacting various stakeholders including the Stargate DAO and token holders. 📈 Following this announcement, STG saw a 12% price surge on the market, reflecting positive community reaction and anticipation for the future of the project.