As the crypto ecosystem continues to evolve, the demand for high-throughput apps has been on the rise. However, the infrastructure required to meet this need has been in short supply as users, data, and liquidity have been fragmented across various apps on different chains.
Led by three co-founders that have a substantial history of founding multiple startups together, LayerZero Labs is solving this problem by providing an omnichain interoperability protocol that integrates decentralized applications (dApps).
The unicorn company has an impressive list of backers and tripled its $1B valuation from March 2022 to $3B in April 2023. Its latest funding is being invested in hiring and expansion, particularly across the Asia-Pacific region. Its range of app innovation opportunities that have arisen from its work has LayerZero Labs well set to build on its path of success.
Steph
Company Specialist at Welcome to the Jungle