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LayerZero CEO Optimistic on Bright Future for Blockchain

LayerZero CEO Optimistic on Bright Future for Blockchain

LayerZero CEO Pellegrino Bullish on Blockchain's Bright Future 

LayerZero, led by CEO Bryan Pellegrino, remains optimistic about the future of the blockchain industry. Pellegrino highlighted the significant growth of LayerZero's protocol, with daily messages surging from 10,000 to 650,000. While historically focused on decentralized finance (DeFi), LayerZero has seen increased interest in gaming and NFTs. Pellegrino believes the next 36 months will bring substantial changes to the industry, with numerous exciting developments underway and important external parties involved. LayerZero's market share has risen alongside its usage, positioning it as a crucial infrastructure for blockchain applications. In April, LayerZero raised $120 million in Series B funding, bringing its valuation to $3 billion, and plans to expand into the Asia-Pacific region.


By: Simran Mishra
30-Jun-2023

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