LayerZero Launches lzCatalyst Program to Fund Cross-Chain Projects

LayerZero, a cross-chain interoperability protocol, announced the launch of the lzCatalyst program on Tuesday. This initiative aims to connect top developers in the crypto space with leading venture capital firms. The program will provide funding and resources to developers building projects that integrate with LayerZero.

According to a blog post published by the LayerZero Foundation, a16z Crypto, Animoca Brands, Atrum, Delphi Ventures, Faction, Franklin Templeton, King River, Lightspeed, PayPal Ventures, and Spartan have committed to investing up to $300 million as launch partners of lzCatalyst. This funding will be used to support the development of innovative cross-chain applications built on LayerZero.

Introducing lzCatalyst

LayerZero Foundation is launching lzCatalyst, a program dedicated to connecting the best builders with the best venture capital firms in crypto.

As lzCatalyst launch partners, a16z Crypto, Animoca Brands, Atrum, Delphi Ventures, Faction, Franklin… pic.twitter.com/zmDevqnvau

— LayerZero (@LayerZero_Core) September 17, 2024