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According to The Block, the Ethereum Layer 2 network Zero Network has announced its closure. The network will be launched in November 2024, focusing on gas free trading. The team stated that the vision of building a gas free rollup is still valid, but maintaining an independent blockchain is not the best path, and resources should be redirected towards Zerion's API and wallet services. User assets are secure, but cross chain transfer of NFTs, ETH, or other tokens is required by the end of July. Deposits have been suspended.