LayerZero confirma lançamento de token no início de 2024

LayerZero Confirms Launch of Token in First Semester of 2024

In an official announcement made by LayerZero Labs at X, one of the largest blockchain infrastructure providers, the company confirmed that it will be launching a token in the first semester of 2024. This confirmation puts to rest the months-long speculation among users on the internet.

The company was aware of these speculations and the misinformation circulating, which is why they decided to address the launch of the token. While the announcement states that the token will be released in the first semester of 2024, no specific date has been provided.

"We have heard the discussions within the community over the past few months and the lack of clear communication regarding this matter," stated the post. "We are now unequivocally declaring that there will be a LayerZero token. The distribution is something we are committed to getting right, and we hope it will happen in the first semester of 2024."

Changes and Innovations at LayerZero

This announcement from LayerZero Labs comes at a time when they are utilizing their extensive venture capital to improve interoperability and messaging infrastructure between blockchains. The company's goal is to enable decentralized application developers to securely access different blockchains.

The demand for yield-generating applications, such as gaming and multimedia apps, has been steadily increasing in recent years as the cryptocurrency ecosystem expands. However, the infrastructure for blockchain integration has lagged behind.

Decentralized exchanges such as PancakeSwap and Uniswap are among the on-chain applications that utilize LayerZero. The announcement does not mention the eligibility criteria for the upcoming airdrop, but LayerZero is expected to disclose this information starting from 2024.

Within less than a week, LayerZero closed two separate rounds of venture capital, totaling $255 million, tripling its market valuation to $3 billion. Andreessen Horowitz (a16z), the venture capital arm of the defunct FTX, and Sequoia Capital co-led the initial $135 million, and they also participated in the second round, which raised $120 million.

These increases happened just one year after LayerZero raised $2 million in seed funding and eight months after a Series A round of $6 million.