Layerzero Labs Raises $135 Million To Create Omnichain Crypto Networks
03/30/22, 5:00 PM
Location
vancouverMoney raised
$135 million
LayerZero Labs today announced that it raised $135 million in a round co-led by Sequoia Capital, FTX Ventures and Andreessen Horowitz and with participation from Coinbase Ventures, PayPal Ventures, Tiger Global, Uniswap Labs, and more. This funding round values LayerZero Labs at $1 billion and will accelerate the development of cross-chain decentralized applications (dApps) powered by LayerZero, a decentralized omnichain interoperability protocol.
Company Info
Location
vancouver, washington, united states
Additional Info
LayerZero is an omnichain interoperability protocol that allows dApps to build across multiple blockchains in a trustless, efficient manner. LayerZero connects dApps across chains using on-chain Ultra Light Nodes, which achieve the security of a light node with the cost-effectiveness of a middle-chain. Using the protocol, developers can turn their dapps into omnichain-applications using a single, simple interface. For more information visit: https://layerzero.network.