One of the most striking projects of the last period, LayerZero, 1 from Series A+ funding with very large investment companies35 million dollars managed to achieve.
Blockchain network collaboration-oriented protocol, according to Forbes sources 1 billion dollars have value.
LayerZero Grabs Everyone’s Attention
Michelle Bailhe, one of the Sequoia partners, said in a statement on the subject:
We already believed in a zero-chain-oriented future, but the technology to enable it was quite inadequate until we met LayerZero. “
Many important funding companies such as Coinbase Ventures, PayPal Ventures, Tiger Global and Uniswap Labs contributed to this, and LayerZero certainly seems to be one of the most important projects of the last period.
Launched on Stargate, LayerZero allows users to buy and sell tokens between other networks such as Ethereum, Avalanche, Polygon, BSC, Fantom, Arbitrum and Optimism. It is stated that the project will add Solana and Terra networks to its radar in the coming weeks.
The protocol announced earlier this month that it will auction 10% of the token supply on Stargate to gain liquidity.
The team behind Stargate, on the other hand, seems to be a candidate to be one of the most talked about teams of the last period. Especially the recent internet transfer frenzy and the $600 million hacking event on the Ronin bridge, definitely. stargate and LayerZero Labs further increased the interest in the team.