LayerZero, a cross-chain protocol backed by Andreessen Horowitz and Sequoia Capital, has announced the launch of a new blockchain named "Zero," targeting traditional finance. The blockchain aims to process 2 million transactions per second at a cost of less than one cent each, leveraging zero-knowledge proof technology. The network is set to launch in September. The initiative has garnered support from major Wall Street entities, including Citadel Securities, ARK Invest founder Cathie Wood, and ICE, the parent company of the New York Stock Exchange, who are involved as investors, partners, or advisors. Stablecoin issuer Tether and ARK Invest have also confirmed their investment in LayerZero. Co-founder Bryan Pellegrino emphasized the goal of integrating blockchain technology into Wall Street's market structure.