LayerZero’s market shifting, there’s a better environment ahead for everyone, CEO says

Cointelegraph
Cointelegraph

29 Jun 2023 6:30 PM

LayerZero CEO Bryan Pellegrino talked about the company’s changing use cases and the future of blockchain in an interview at the Collision conference in Toronto....

  • Bryan Pellegrino, CEO of LayerZero, believes that the outlook for the crypto industry is bright and the present situation is not as grim as it was in 2015.
  • LayerZero has experienced a significant increase in the usage of its protocol, from 10,000 messages a day to 650,000 messages a day.
  • Pellegrino predicts that the next 36 months will bring significant changes and advancements in LayerZero and the crypto industry as a whole.
  • LayerZero's market share has grown along with its usage, and Pellegrino sees it as a crucial component for blockchain-dependent applications.
  • LayerZero recently raised $120 million in Series B funding, with participation from notable investors, and plans to expand into the Asia-Pacific region.

The sentiment of the article is positive, highlighting the positive outlook for the crypto industry and the growth of LayerZero.

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You May Ask

How has LayerZero's protocol usage increased over the past six months?What does Bryan Pellegrino predict for the next 36 months in the crypto industry?What is LayerZero's market share and why is it important?How much funding did LayerZero raise in its Series B round and who were the participants?What are LayerZero's expansion plans?

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