LayerZero Labs Secures $120 Million - Envisions a Future with Arweave in the Main Mix

LayerZero Labs, the team behind the messaging protocol LayerZero, has raised a whopping $120 million in a Series B funding round! This latest investment spree, featuring 33 high shelf investors like a16z crypto, BOND, Christie's, and more, puts LayerZero's latest value at an impressive $3 billion.

In a statement made by Ryan Zarick, Co-Founder and CTO of LayerZero Labs, Zarick commented on a hypothetical app that would harness the best aspects of seemingly the most destructive and innovative blockchains around today. Among the three mentioned was Arweave.

LayerZero

If you have ever thought about a world where multiple blockchains can communicate with each other seamlessly, opening up infinite possibilities for developers and users alike. That's precisely what LayerZero offers - according to their Press Release. By providing the essential infrastructure for decentralised applications (dApps), it enables projects to exist across various blockchains without needing an intermediary to handle cross-chain interactions.

Now, with the fresh influx of funds, LayerZero Labs plans to beef up its workforce and expand its presence in the APAC region. This strategic move will not only strengthen LayerZero's position as a go-to messaging protocol but also propel the growth of the global digital asset ecosystem.

Arweave Connection

Ryan Zarick, Co-Founder and CTO of LayerZero Labs, envisions a future where a single user-facing application can harness the speed of Solana, the security of Ethereum, and the affordable file storage of Arweave. 

Ryan Zarick commented:

Imagine a future where a single user-facing application can harness the speed of Solana, the security of Ethereum, and the cheap file storage of Arweave, while also being fully abstracted to the user. This is our vision, made possible by the LayerZero protocol that seamlessly connects all blockchains and enables chain-agnostic applications to be built across various blockchains to create a best-in-class user experience. The days of choosing one chain to build on are over; the future is omnichain applications.

With a little help from LayerZero, this omnichain future with multiple apps that utilise Arweave may be closer than we think - as it connects blockchains and enables chain-agnostic applications to deliver seamless user experiences.

Impressive Stats

Since its launch, LayerZero has experienced mind-blowing growth. With more than two million messages relayed across 30+ chains, over $7 billion in Total Value Locked (TVL), and over $6 billion in transactional volume, it's no wonder LayerZero has gained the support of crypto giants like Binance, Blockdaemon, Coinbase, and many more.

LayerZero Labs is on a mission to revolutionise the blockchain landscape. It aims to bring many separate standalone chains together, much like how the internet-connected fragmented computers that previously lay in cut-off clusters in their own data centres. By building a permissionless, censorship-resistant, and immutable ecosystem, LayerZero aims to unite blockchain developers and user communities worldwide. With the support of like-minded investors, LayerZero is one step closer to realising its dream of a fully connected blockchain world. 

Zarick concluded:

Before the advent of the internet, computers existed in fragmented and disconnected data centers, much like many blockchains today. LayerZero is revolutionizing blockchains by creating one unified ecosystem, like the internet, that connects each blockchain's developers and user community. The core principles of the LayerZero protocol are permissionless, censorship-resistant, and immutable. During this latest round, we sought out investors who shared these values and our vision of a fully connected blockchain world. We are excited to work alongside them and our community to scale the LayerZero protocol and connect all blockchains everywhere.

So, let the omnichain era begin... especially if it means connecting all chains to the power of Arweave and its Permaweb layer.