
LayerZero Labs, a developer of interoperability protocols, closed a $135 million Series A+ round of funding, bringing its valuation to $1 billion. The round was co-led by FTX Ventures, Sequoia Capital and a16z, with participation from Coinbase Ventures, Multicoin Capital, Animoca Brands and others. Previously, SushiSwap co-founder 0xMaki has joined the LayerZero team and recently launched the cross-chain DeFi protocol Stargate.