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LayerZero, an omnichain interoperability protocol, has announced securing $6.3 million in a Series A funding round. This investment stage was co-led by Binance Labs and Multicoin Capital, with participation from Sino Global Capital, Delphi Digital, Robot Ventures, Spartan, Hypersphere Ventures, Protocol Ventures, and Gen Block Capital.
According to Bryan Pellegrino, co-founder of LayerZero Labs, LayerZero will use the funds to expand its network of endpoints across the blockchain ecosystem.
Considering $2 million from a previous Seed funding round, the project has raised a total of $8.3 million