Description

LayerZero is a technology that helps different blockchains (digital ledgers) communicate easily and securely. It's designed to improve how blockchains interact and transfer data or assets.

Here's how it works:

Ultra Light Node (ULN): This is the key part of LayerZero. It combines the safety of traditional blockchain nodes (computers that validate blockchain transactions) with cost-effectiveness. It does this by only getting the necessary information when needed, rather than storing everything.
How It Operates:
- User Application (UA): A feature on the blockchain that uses ULN.
- Oracle and Relayer: Two important roles in LayerZero.
- Oracle: Sends information about the blockchain.
- Relayer: Provides proof that transactions are valid.
Benefits:
- Security: By having separate Oracle and Relayer roles, LayerZero is safer and reduces risks.
- Multiple Uses: It's not just for transferring assets. LayerZero can be used for sharing information between blockchains, making trades, lending, borrowing, and more.
- Unified Liquidity Bridge: This feature lets people pool their assets across different blockchains, making transactions smoother and more efficient.
- Cross-Chain Swaps: Users can exchange assets between blockchains in one transaction, simplifying the process.

In summary, LayerZero offers a more secure, affordable, and versatile way for blockchains to work together, supporting a wide range of activities beyond just moving assets.

Team of the Project

Caleb Banister

Co-founder

Co-Founder LayerZero Labs has 13 years of software engineering and solidity experience.

Ryan Zarick

CTO

Co-founder and CTO at LayerZero Labs and has 13 years experience working on smart contracts, machine learning, auditing, testing and AI.

Bryan Pellegrino

CEO

Co-Founder & CEO LayerZero Labs has spent 13 years working on hard technical problems, building communities, and scaling consumer products.

Funding

$293,000,000

Total Funds Raised

$120,000,000

Series B

Andreessen Horowitz(a16z), Christie's Ventures , Sequoia Capital, Samsung Next , Bond Capital, Circle Ventures, OpenSea , Bixin Ventures , OKX , Chapter One.

$30,000,000

Venture Round

Alameda Research.

$135,000,000

Extended Series A

Andreessen Horowitz(a16z), FTX Ventures, Sequoia Capital , Animoca Brands, Avalanche Foundation , Blockdaemon, cFund, Coinbase Ventures, CoinFund , Dapper Labs.

$6,300,000

Series A

Binance Labs, Sino Global Capital,DeFiance Capital , Delphi Digital ,Robot Ventures, The Spartan Group,Protocol Ventures,Genblock Capital.

$2,000,000

Seed

Overview

Review

Linity