LayerZero Labs bought back its stake from FTX Ventures and Alameda
Cointelegraph
Published Nov 10, 2022 04:00PM ET
Updated Nov 10, 2022 05:40PM ET
Interoperability protocol LayerZero Labs announced on Nov.10 an agreement to buy out 100% of FTX Ventures’ and Alameda Research’s 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’s valuation to $1 billion. Other investors in the round included Andreessen Horowitz, Sequoia, Coinbase (NASDAQ:COIN) Ventures and PayPal (NASDAQ:PYPL) Ventures.
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Written By: Cointelegraph
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