LayerZero is an omnichain interoperability protocol that facilitates seamless communication and data transfer across multiple blockchain networks. By enabling decentralized applications (dApps) to operate across various chains, LayerZero enhances blockchain interoperability and scalability.
Value Proposition:
LayerZero provides developers with a unified framework to build cross-chain applications, eliminating the need for intermediaries and reducing complexities associated with blockchain interactions.
Governance:
LayerZero employs a decentralized governance model, empowering ZRO token holders to engage in decision-making processes.
Tokenomics:
ZRO serves as the governance token within its ecosystem. ZRO holders can participate in protocol governance, voting on proposals that influence the platform's development and policies.
Previous Funding:
LayerZero Labs has raised a total of $263 million over multiple funding rounds. In April 2023, the company secured $120 million in a Series B funding round, elevating its valuation to $3 billion.
