SCOOP: LayerZero Labs seeks backing that would triple its valuation to $3 billion (via RyanJamesWeeks)
FTX Ventures has committed to leading the latest round, according to sources.LayerZero Labs, developer of a protocol focused on improving the flow of assets between different blockchains, is seeking additional funding just a few months after its last raise.
FTX Ventures has committed to leading the $3 billion round, but it is unclear whether any other investors have agreed to participate. FTX also co-led the $135 million raise in late March, alongside Sequoia Capital and Andreessen Horowitz . Other investors in that round included Coinbase Ventures, PayPal Ventures, Tiger Global and Uniswap Labs.
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