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Omnichain developer LayerZero Labs raises $135M -Breaking

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LayerZero Labs (a company that creates protocols to allow omnichain-decentralized apps, or dApps to span multiple blockchains), will host a Wednesday event. AnnoucedIt raised $135million in its most recent funding round. This deal will increase the speed of development for LayerZero’s namesake protocol and values LayerZero Labs to $1 billion.

This round featured prominent investors like Sequoia Capital and FTX Ventures. Also, participation came from Coinbase (NASDAQ) Ventures and PayPal (NASDAQ) Ventures.