Omnichain developer LayerZero Labs raises $135M -Breaking
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© PayPal PR LayerZero Labs will host a Wednesday conference. This firm develops protocols that enable omnichain, decentralized applications (or DApps) to span multiple Blockchains. AnnouncementIt raised $135million in its most recent funding round. LayerZero Labs is valued at $1 billion. This will allow LayerZero to accelerate its development of the protocol that it named.
Notable venture investors, such as Sequoia Capital, FTX Ventures and Andreessen Horowitz led the round, along with Coinbase (NASDAQ) Ventures and PayPal (NASDAQ) Ventures. Participants included Tiger Global, Labs, Labs, and many others.
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