LayerZero completes $120 million Series B funding with a valuation of $3 billion, with participation from a16z and Sequoia Capital.

BlockBeats reported on April 4th that LayerZero Labs completed a Series B financing round of $120 million with a valuation of $3 billion. Investors included a16z Crypto, Christie's Auction House, Sequoia Capital, Samsung Next, BOND, Circle Ventures, and OpenSea Ventures. The funds raised in this round will be used for growth plans, including recruitment and expanding the company's business in the Asia-Pacific region.