LayerZero Made Massive Splash In $251Million

It’s been just revealed the fact that the crypto startup fundraising ticked upward this week, with 18 different companies raking in approximately $251 million total — a modest increase from last week’s $227 million. Check out the latest reports about this below.

According to the latest reports, it seems that LayerZero, a cross-chain interoperability protocol, raised $120 million in its Series B round. With this move, it’s been revealed the fact that they made sure of securing the largest raise of the group by far and acquiring a $3 billion valuation.

“Investors in this messaging protocol for decentralized applications (dapps) included a16z, Christie’s, Sequoia Capital and OpenSea Ventures, just to name a few,” Blockworks notes.

Accoridng to the same reports, it seems that LayerZero’s multibillion-dollar valuation comes after crypto hardware wallet maker Ledger was said to be valued at $1.4 billion after its capital raise last week.

Blockworks previously reported that “LayerZero has its eyes on the gaming industry, where cross-chain messaging is becoming integral in the distribution of digital assets players win while playing.”

We suggest that you check out the latest news on the issue by heading to the original article. 

In a new video update, Tone Vays said that even though the king crypto is in the middle of a “boring” consolidation phase, it’s flashing signs that point toward an upcoming burst to the upside.

Vays said that key moving averages (MAs) on the weekly chart are now acting as support for the king crypto.

“This consolidation is really boring, but it’s bullish. The moving averages are continuing to separate…”

He continued and said the following:

“[The] 50-week [MA] continues to drop, [while] the 200-week is slowly rising, and it will continue to be rising because new candles are above it.”

Check out the previous article in order to learn more details.