Ethereum L2 Zero Network to shut down

Ethereum Layer 2 project Zero Network is shutting down its operations a year and a half after its launch, The Block reported. Zerion, the crypto wallet company behind the project, announced that it will be ending Zero Network's operations to focus its team's resources on its API and wallet. Users who have deposited assets on the network must complete their withdrawals by the end of July. The bridging service for deposits has already been suspended.