糖心视频

Blockchain messaging protocol developer tripled its valuation to $3 billion after a $120 million Series B raise.

The round saw participation from nearly three dozen investors, including , , OKX Ventures, , and .

The Vancouver-based startup raised a $135 million Series A at a $1 billion valuation in March 2022 in a round co-led by a16z, Sequoia and the now-defunct venture arm of 鈥� .

LayerZero Labs is tackling the problem of interoperability among different blockchains. The company鈥檚 protocol allows for cross-chain messaging across countless blockchains.

“Imagine a future where a single user-facing application can harness the speed of , the security of Ethereum, and the cheap file storage of ,鈥� said , co-founder and CTO, in a . 鈥淭his is our vision, made possible by the LayerZero protocol that seamlessly connects all blockchains and enables chain-agnostic applications to be built across various blockchains to create a best-in-class user experience.

鈥淭he days of choosing one chain to build on are over; the future is omnichain applications,鈥� he added.

Big cash

LayerZero plans on using the new money to increase its headcount, push growth initiatives and grow its presence in the Asia-Pacific region.聽

The round is one of the largest in the crypto and blockchain sector since FTX鈥檚 implosion in November.聽

According to Crunchbase , only Singapore-based 鈥� which raised a $300 million Series C 鈥� and Germany-based 鈥� which closed a $200 million Series C 鈥� have seen bigger deals in the space since FTX collapsed, sending shockwaves through the crypto and blockchain ecosystem.

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