rewrite this content and keep HTML tags as is. This is content from rss feed and I don’t need their *Daily Debrief Newsletter*, their tags from bottom like this *Share this articleCategoriesTags*, Editorial Process section, phrases like *Featured image from Peakpx, chart from Tradingview.com*, SPECIAL OFFERS and similar sections – just remove such sections and save only article itself:
Quick Summary
- Zero Network shutting down operations; users have until July 31, 2026, to withdraw assets.
- Gasless Ethereum Layer 2 platform ceasing operations after approximately 18 months.
- Zerion directing users to immediately bridge ETH, tokens, and NFTs off the network.
- Gasless rollup experiment concludes as company refocuses on wallet development.
- Closure reflects strategic pivot toward Zerion’s primary wallet and API offerings.
Zero Network, an Ethereum Layer 2 solution designed for gasless transactions, is ceasing operations following approximately 18 months of activity. This decision stems from Zerion’s strategic realignment to concentrate resources on its primary wallet and API offerings. Asset holders have been given a firm deadline of late July 2026 to withdraw their holdings.
Closure Timeline and Process
Launched in November 2024, Zero Network distinguished itself as the pioneering EVM-compatible rollup offering completely gasless transactions. The project sought to eliminate transaction costs and streamline the user experience across the Ethereum ecosystem. Yet operating an independent blockchain ultimately conflicted with the organization’s broader objectives.
The termination affects all digital assets stored on Zero Network, including tokens, NFTs, and ETH. Deposits to the network have been disabled, requiring all participants to take action. Zerion maintains that all user holdings remain secure during this transition phase.
Participants can transfer their holdings to Ethereum’s main network or alternative blockchain networks. Comprehensive guidance for safely moving tokens, NFTs, and ETH has been made available. After July 31, 2026, any remaining assets may become permanently unretrievable.
Company Evolution and Industry Context
Established in 2016, Zerion developed a self-custody wallet solution available through mobile applications and browser plugins. The organization created Zero Network to eliminate gas costs and facilitate broader cryptocurrency adoption. Nevertheless, maintaining the separate chain consumed resources better allocated to wallet and API development, leading to the shutdown decision.
Zero Network becomes another addition to the growing list of cryptocurrency ventures closing recently amid difficult market dynamics. Everclear, a cross-chain infrastructure service, and Syndicate Labs, an Layer 2 rollups infrastructure provider, both announced shutdowns in recent days. This pattern underscores the financial pressures and resource management difficulties facing numerous projects industry-wide.
Concentrating on its foundational products allows Zerion to maximize value delivery to its user base. Company resources will now support enhanced wallet features, improved API capabilities, and expanded ecosystem partnerships. This strategic adjustment reflects the organization’s commitment to long-term viability within the cryptocurrency infrastructure landscape.
Required Actions for Users
Every Zero Network participant must transfer their assets before the established July cutoff. This encompasses all ETH holdings, ERC-20 tokens, and NFT collections currently residing on the Layer 2 platform. Withdrawals can be executed through Zerion Wallet or compatible bridging platforms.
Complete access to all digital assets remains available throughout the wind-down period. Participants should carefully confirm destination addresses before initiating transfers to prevent loss. Zerion remains committed to providing users with documentation and technical support throughout this transition.
The shutdown of Zero Network underscores the difficulties associated with maintaining independent Layer 2 solutions. While the platform introduced meaningful innovations, its resources will now strengthen Zerion’s established services. All users should take immediate action to safeguard their assets well ahead of the July deadline.
