Connext, Chainsafe, Sygma, LiFi, Socket, Hashi, Across, Celer and Router issued a joint statement criticizing the new token. A new bridged token from cross-chain protocol LayerZero is drawing criticism from nine protocols throughout the Ethereum ecosystem. A joint statement from Connext, Chainsafe, Sygma, LiFi, Socket, Hashi, Across, Celer and Router on Oct. 27 called the…
Read more
Zetachain, a project that seeks to build one chain to interoperate with all other blockchains, announced it raised $27 million in a Series A funding round. Blockchain.com, Human Capital, Vy Capital, Sky9 Capital, and Jane Street Capital, among others, participated in the funding round. Zetachain will use the funds to launch its solution on mainnet…
Read more
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. A new program from the Fantom Opera network team will pay developers for the gas fees they generate from users, according to a May 31 announcement. Specifically,…
Read more
LayerZero Labs, the development firm behind cross-chain messaging platform LayerZero, has announced a record-high $15 million bug bounty in partnership with the crypto-focused bug bounty platform Immunefi. The huge bug bounty will be paid out to so-called white hat hackers who can identify vulnerabilities in the LayerZero protocol, TechCrunch reported on Wednesday…. Read More: LayerZero…
Read more
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, 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
The protocol, which is still in development, intends to connect dApps across chains using on-chain nodes. On Wednesday, LayerZero Labs, a firm that develops protocol to enable omnichain decentralized applications, or dApps, to span multiple blockchains, announced that it raised $135 million in its latest funding round. The deal values LayerZero Labs at $1 billion…
Read more
