TechFlow news, on May 25, according to The Block, LayerZero Labs, a developer of multi-chain interoperability protocols, is raising new funding at a $3 billion valuation, with FTX Ventures committed to lead the round.
Insiders said LayerZero Labs' latest funding round will consist of three components: equity, warrants for LayerZero tokens, and native tokens of the cross-chain bridge Stargate.
Earlier reports indicated that on March 31, LayerZero Labs announced it had completed a $135 million Series A+ funding round led by FTX Ventures, Sequoia Capital, and a16z, with participation from Coinbase Ventures, PayPal Ventures, Tiger Global, and Uniswap Labs, among others, resulting in a post-money valuation of $1 billion.
LayerZero Labs previously raised $6 million in a Series A round in September 2021, led by Multicoin Capital and Binance Labs.
