Interoperability protocol LayerZero Labs announced on Nov.10 an agreement that bought out 100% of FTX Ventures and Alameda Research equity position, including token warrants and all agreements between the parties. In March, the protocol raised $135 million in a funding round co-led by FTX Ventures, bringing the startup valuation to $1 billion. Other investors in the round included Andreessen Horowitz, Sequoia, Coinbase Ventures and PayPal Ventures, among others. In a statement released to investors and published on Twitter, Bryan Pellegrino, Layer Zero CEO, said: “We’ve wo ...
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