LayerZero Labs raises $120 million, reaches $3 billion valuation

  • LayerZero Labs, a web3 messaging protocol, has raised $120 million in a Series B round.
  • This has increased their valuation to $3 billion from $1 billion.
  • This messaging protocol allows users to send different types of messages between blockchains, such as cross-chain interactions.
  • This eliminates the need for Web 2.0 messaging platforms like WhatsApp and Telegram.


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