The LayerZero team announced the integration of the cross-chain protocol with the Aptos platform, whose launch is expected by the end of 2022.
1/ @LayerZero_Labs is fully integrated with the Aptos network 💪
Omnichain interoperability is critical for web3 adoption, and we’re proud to lead the way for the entire Move community by expanding our cross-chain capabilities with LayerZero. https://t.co/sXuinMcxDI
— Aptos (@AptosLabs) October 10, 2022
According to developers, this move will enhance security, improve user experience, and make next-generation applications accessible.
3/ The Aptos ecosystem will use LayerZero for unlocking cross-chain opportunities that share value across all existing web3 communities 🤝
With so many exciting projects utilizing the innovations of the Aptos blockchain, the possibilities for cross-chain activities are endless.
— Aptos (@AptosLabs) October 10, 2022
«The Aptos ecosystem will leverage LayerZero to unlock cross-chain capabilities that benefit all existing Web3 communities,” the statement said.
In March 2022, the startup Aptos Labs, founded by former Meta employees, raised $200 million in a funding round led by Andreessen Horowitz. The funding also came from Multicoin Capital, Coinbase Ventures, Katie Haun, Three Arrows Capital, ParaFi Capital, IRONGREY, Hashed, Variant, Tiger Global, BlockTower, FTX Ventures and Paxos.
In July, the startup closed a Series A funding round of $150 million. It was led by FTX Ventures and Jump Crypto.
In September, Binance’s venture arm announced strategic investments in Aptos Labs.
In March, the LayerZero team raised $135 million at a $1 billion valuation.
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