LayerZero has raised $120M in a Series B funding round at $3B valuation
LayerZero Labs, a company behind a cross-chain interoperability and messaging protocol Stargate Finance $STG, has raised $120M in a Series B funding round at $3B valuation. Investors in round include a16z, Sequoia Capital, Samsung Next, BOND, Circle Ventures, Open Sea Ventures, Chapter One, Com2uS, Franklin Templeton and others. Last year, LayerZero closed a $135M Series A+ funding round at nullB valuation with Coinbase Ventures, PayPal Ventures, and Tiger Global as the investors.
👉 coindesk.com/business/2023/04/04/crypto-protocol-layerzero-raises-120m-series-b-at-3b-valuation
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DYDX (DYDX) is launching private testnet of its Cosmos-based blockchain on March 28th
DYDX $DYDX is in process of moving from StarkEx, a Layer 2 network on Ethereum built by StarkWare, to its own application-specific blockchain in the Cosmos ecosystem. It is set to launch a private testnet of its Cosmos-based blockchain tomorrow, on March 28th. It will be open to whitelisted third parties, who will act as validators on the network. The exchange aims to roll out its public testnet in July, before a full launch in September.
👉 theblock.co/post/222898/dydx-private-testnet-cosmos-blockchain