Horizen migrates from proprietary Layer 1 to a Layer 3 on Base

Privacy-focused blockchain Horizen (ZEN) has launched a Layer 3 mainnet on Coinbase's Layer 2 network, Base, migrating from its proprietary Layer 1 chain, The Block reported. The move follows a DAO governance decision. Horizen also plans to launch a 100 million ZEN grant program for developers within the Base ecosystem.