Arbitrum daily revenue surges 16,500% after LayerZero’s ZRO launch
LayerZero’s “not an airdrop” ZRO token airdrop has spurred a new peak for Arbitrum’s daily revenue. Go to Source
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ZRO token falls 17% amid controversy over LayerZero’s ‘not an airdrop’
After its June 20 launch, ZRO surged 15.15% within just 20 minutes before sharply tumbling 22% as people debated whether the donation mechanism was genius or just an excuse for a “tax.” Go to Source
LayerZero identifies over 800k addresses in sybil self-reporting phase
Initially, the team identified over 2 million addresses as potential Sybils but later refined their criteria to minimize false identifications, resulting in a more precise classification. Go to Source
9 protocols criticize LayerZero’s ‘wstETH’ token, claiming it’s ‘proprietary’
Connext, Chainsafe, Sygma, LiFi, Socket, Hashi, Across, Celer, and Router issued a joint statement criticizing the new token. Go to Source
Fantom starts paying developers to generate gas fees
Developers will get a 15% cut of the fees they generate, but only if their app has done more than 125,000 transactions and has existed for three months. Go to Source Powered by WPeMatico
LSD for DeFi: Tenet, LayerZero partner to drive cross-chain liquid staking adoption
Cross-chain interoperability protocol LayerZero’s infrastructure aims to drive liquid staking adoption across the DeFi ecosystem. Go to Source Powered by WPeMatico
LayerZero’s multi-chain ecosystem grows as airdrop hunters ramp up their efforts
Applications built on LayerZero’s cross-chain messaging protocol are gathering momentum primarily due to excitement over a potential airdrop. Go to Source Powered by WPeMatico
Leading Auction House Christie’s Launches Web3 and Fintech Venture Arm
On Monday, Christie’s, the leading British auction house founded 256 years ago in 1766, announced the launch of a new venture fund called Christie’s Ventures. According to the announcement, the company’s venture arm plans to focus on “[Web3] innovation, art-related financial products and solutions, and technologies that enable seamless consumption of art.” Christie’s Ventures to … Read more
Layerzero Labs Secures $135 Million to Bolster Cross-Chain Interoperability
Layerzero Labs, the firm behind the interoperability protocol Layerzero, has revealed the company has raised $135 million in a Series A+ finance round led by Andreessen Horowitz (a16z), FTX Ventures, and Sequoia Capital. The new financing brings Layerzero Labs’ overall valuation to $1 billion and the funds will be leveraged to develop cross-chain decentralized applications … Read more
Omnichain developer LayerZero Labs raises $135M
The protocol, which is still in development, intends to connect dApps across chains using on-chain nodes. Go to Source Powered by WPeMatico
