LayerZero completes $120 million Series B funding at a valuation of $3 billion, with participation from a16z, IOBC Capital, and others

ChainCatcher news, the cross-chain communication protocol LayerZero announced the completion of a $120 million Series B funding round, with a valuation of $3 billion, with participation from a16z, Sequoia Capital, IOBC Capital, BOND, Christie's, and Circle Ventures. In addition, LayerZero also stated that it would consider a governance token airdrop after the protocol's development is完善, but it is not expected to happen soon.

According to the crypto data platform RootData, LayerZero announced the completion of a $135 million funding round at a $1 billion valuation last March, with participation from a16z, Sequoia Capital, Coinbase Ventures, and other institutions. (source link)