The protocol called LayerZero, which enables transactions between different blockchains, was developed by a group of investors. 135 million dollars received funding.
A+ Series investment round organized by LayerZero Sequoia Capital, a16z and FTX Ventures participated. According to Forbes, this funding received goes to LayerZero. 1 billion dollars gives an appraisal.
Other names investing in the protocol include Coinbase Ventures, PayPal Ventures, Tiger Global and Uniswap Labs took place.
LayerZero team, which enables switching between different blockchains stargate recently introduced the protocol named Ethereum, Avalanche, Polygon, Binance Smart Chain, Phantom, Arbitrum and Optimism protocol that supports networks, gives users access to between these blockchains. offers the opportunity to swap.
The protocol’s plans include increasing the number of supported blockchains and Adding Solana and Terra exists.