Omnichain developer LayerZero Labs raises $135M By Cointelegraph
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© PayPal PR On Wednesday, LayerZero Labs, a firm that develops protocol to enable omnichain decentralized applications, or DApps, to span multiple blockchains, announced that it raised $135 million in its latest funding round. The deal values LayerZero Labs at $1 billion and will accelerate the development of its namesake protocol.
The round was led by notable venture groups and investors such as Sequoia Capital, FTX Ventures, Andreessen Horowitz, and with participation from Coinbase (NASDAQ:) Ventures, PayPal (NASDAQ:) Ventures, Tiger Global, Labs and more.
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© PayPal PR On Wednesday, LayerZero Labs, a firm that develops protocol to enable omnichain decentralized applications, or DApps, to span multiple blockchains, announced that it raised $135 million in its latest funding round. The deal values LayerZero Labs at $1 billion and will accelerate the development of its namesake protocol.
The round was led by notable venture groups and investors such as Sequoia Capital, FTX Ventures, Andreessen Horowitz, and with participation from Coinbase (NASDAQ:) Ventures, PayPal (NASDAQ:) Ventures, Tiger Global, Labs and more.
Continue Reading on Coin Telegraph
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
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