Blockchain firm LayerZero Labs valued at $3b after latest fundraise
It has raised $120m in Series B funding from Sequoia, Samsung and others.
Stay updated with breaking news from Circle Ventures. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
It has raised $120m in Series B funding from Sequoia, Samsung and others.
Blockchain interoperability protocol LayerZero raises $120M at $3B valuation - SiliconANGLE
On Tuesday, LayerZero Labs announced the completion of a $120 million Series B financing, increasing the company’s valuation from $1 billion to $3 billion. LayerZero Laboratories is a web3 communications protocol. This messaging protocol eliminates the need for third-party middlemen for sending messages between blockchains, unlike Web 2.0 messaging applications like WhatsApp and Telegram. LayerZero …
Investors have bought into LayerZero Labs’ vision of an internet of interoperable blockchains, valuing the company at $3B in a Series B funding round…
Over 33 investors participated in the funding round, including Andreessen Horowitz, Sequoia Capital and Samsung Next.