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Type of Company:
Type:
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Company
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Ownership: |
Privately Held (Funded) |
Company Size: |
10-19 Employees In BC (10-19 Total)
10-19 In BC (10-19 Total)
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Year Founded: |
2021 |
Sector: |
Other Tech Sectors
Other Tech Sectors
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Region: |
Lower Mainland / South Coast
Lower Mainland
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Key Links: |
Company Blog
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Tags: |
LayerZero Labs, Blockchains, omnichain interoperability protocol, ON-CHAIN ENDPOINT
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We're building LayerZero, an omnichain interoperability protocol.
Seamlessly Connected Blockchains
SAY HELLO TO LAYERZERO, AN OMNICHAIN INTEROPERABILITY PROTOCOL. LAYERZERO ENABLES THE REALIZATION OF CROSS-CHAIN APPLICATIONS WITH A LOW LEVEL COMMUNICATION PRIMITIVE.
Core Concept of LayerZero
LAYERZERO IS A USER APPLICATION (UA) CONFIGURABLE ON-CHAIN ENDPOINT THAT RUNS A ULN. LAYERZERO RELIES ON TWO PARTIES TO TRANSFER MESSAGES BETWEEN ON-CHAIN ENDPOINTS: THE ORACLE AND THE RELAYER.
When a UA sends a message from chain A to chain B, the message is routed through the endpoint on chain A. The endpoint then notifies the UA specified Oracle and Relayer of the message and it's destination chain.
The Oracle forwards the block header to the endpoint on chain B and the Relayer then submits the transaction proof. The proof is validated on the destination chain and the message is forwarded to the destination address. |
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Date |
Type |
Amount |
Investors |
Apr 4, 2023 |
Series B |
$120 Million CAD |
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Mar 30, 2022 |
Series A |
$135 Million USD |
$135 million in a round co-led by Sequoia Capital, FTX Ventures and Andreessen Horowitz and with participation from Coinbase Ventures, PayPal Ventures, Tiger Global, Uniswap Labs, and more. |
Date |
Type |
Amount |
Investors |
Apr 4, 2023 |
Series B |
$120M CAD |
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Mar 30, 2022 |
Series A |
$135M USD |
$135 million in a round co-led by Sequoia Capital, FTX Ventures and Andreessen Horowitz and with participation from Coinbase Ventures, PayPal Ventures, Tiger Global, Uniswap Labs, and more. |
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Want More LayerZero Labs News? 1
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Next »
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May 18, 2023
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LayerZero Labs Announces Launch of $15 Million Crypto 'Bug Bounty' Program in Partnership With Immunefi
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Apr 4, 2023
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LayerZero Labs Closes $120 Million Series B Funding Round, Raising Its Valuation to $3 Billion
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Nov 14, 2022
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Vancouver-based Blockchain Unicorn LayerZero Labs Loses Potential $11.5M in FTX Bankruptcy, But Maintains $134M Cash and Buys out FTX / Alameda
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Oct 18, 2022
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Vancouver-based Blockchain Unicorn LayerZero Labs Announces Integration With AptosLabs
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Sep 8, 2022
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Vancouver-based Unicorn LayerZero Labs Provides Summer 2022 Update (Following Massive $135 Million Financing in March)
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Jul 22, 2022
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Auction Giant CHRISTIE's Launches New Venture Fund and Makes Investment in Vancouver-based Web 3.0 Company LayerZero Labs
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Mar 31, 2022
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Vancouver-based Unicorn LayerZero Labs Raises $135 Million Financing at $1B Valuation to Create Omnichain Crypto Networks
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Dec 6, 2021
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Vancouver-based Blockchain Startup LayerZero Labs Reportedly Raising Major $100 Million Financing Round at $1 Billion Valuation
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Disclaimer: Company Profiles in the Tech Directory on T-Net are created, edited and maintained primarily by employees within individual companies, and are subject to continual change without notice and possible errors and/or omissions. Information within the pages of this Tech Directory is of a general nature intended only for informational purposes, and such information should not be relied upon. T-Net does not warrant or guarantee the quality, accuracy or completeness of such information and expressly disclaims liability for any loss, inconvenience or damages (including special, indirect or consequential damages) caused as a result of any errors in, or omissions from, such information. If you see an error, please let us know. Copyright T-Net. All rights reserved.
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