OKX Ventures strategically invests in the cross-chain communication protocol LayerZero

ChainCatcher news, OKX Ventures announced a strategic investment in the cross-chain communication protocol LayerZero. LayerZero is a system that enables trustless direct transactions across all blockchains, integrating fragmented assets from different chains. OKX Ventures founder Dora stated that LayerZero is becoming a key infrastructure for cryptocurrency.

Earlier, ChainCatcher reported that LayerZero completed a $120 million Series B funding round at a valuation of $3 billion, with participation from a16z, IOBC Capital, Sequoia Capital, Christie's, and Circle Ventures.