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LayerZero, an omnichain interoperability protocol that unites dApps across disparate blockchains, has just announced that is has attracted $6.3M in a Series A round, according to the press release shared with iHodl.

The fundraising, co-led by Binance Labs and Multicoin Capital, has also seen the participation of Sino Global Capital, Defiance, Delphi Digital, Robot Ventures, Spartan, Hypersphere Ventures, Protocol Ventures, Gen Block Capital and Echelon Capital.

It must be noted that the project, which is currently being audited and is expected to launch in early Q4 2021, has previously raised $2M in a series seed, which brought its total financing to date to $8.3M.

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According to LayerZero, the funds will be used to keep the development of LayerZero endpoints across the ecosystem and drive the adoption of the protocol.

LayerZero has plans to give support for Ethereum, Binance Smart Chain, Polygon, Avalanche, Fantom, Arbitrum and Optimism when the protocol launches later this year, while support for more networks will be added in the following months.

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