Sequoia Capital, FTX Ventures and Andreessen Horowitz co-led the investment round, valuing the company, whose software can transport data between different blockchains, at US$1 billion. The Information first reported the raise in November 2021. (Forbes, The Information)
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Sequoia Capital, FTX Ventures and Andreessen Horowitz co-led the investment round, valuing the company, whose software can transport data between different blockchains, at US$1 billion. The Information first reported the raise in November 2021. (Forbes, The Information)
Talking point: LayerZero is off to a white-hot start, and clearly, interest in the multi-blockchain future that the company envisions is high. On March 17, the team launched a US$25-million token sale for its first protocol, called Stargate, which it said allows DeFi investors to move crypto assets between blockchains in a single click. The crypto-trading firm Alameda Research promptly bought all the tokens, leading the Stargate team to launch a second community auction. With that second token sale still underway, Stargate already has over US$3.5 billion in total value locked in smart contracts.
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