The Vancouver-based company, whose software can transport data between blockchains, has a commitment from existing investor FTX Ventures to lead the round, according to The Block’s sources. LayerZero did not respond to The Logic’s request for comment. (The Block)
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The Vancouver-based company, whose software can transport data between blockchains, has a commitment from existing investor FTX Ventures to lead the round, according to The Block’s sources. LayerZero did not respond to The Logic’s request for comment. (The Block)
Talking point: FTX co-led LayerZero’s last round along with Sequoia Capital and Andreessen Horowitz. First reported in November 2021, it brought in US$135 million at a US$1-billion valuation. Though economic uncertainty has slowed venture-capital dealmaking, Web3 remains a bright spot. Also Wednesday, Andreessen Horowitz announced a US$4.5-billion cryptocurrency fund—its fourth, but largest one focused on cryptocurrency investments. “We believe blockchains will power the next major computing cycle,” said Chris Dixon, founder of the firm’s crypto arm. “That’s why we’ve decided to go big.”
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