Developers have finally announced the long-awaited date for the highly anticipated altcoin airdrop, sparking excitement among cryptocurrency enthusiasts. LayerZero (ZRO), one of the most awaited projects in the crypto market, has set June 20, 2024, as the cryptographic date for the airdrop.
Previously, the firm had disclosed its plans to launch a token in December, with the actual launch scheduled for the first half of 2024. The recent announcement by LayerZero developers, labeling it as “snapshot #1,” has triggered speculation about a series of upcoming airdrops, raising expectations among followers eagerly anticipating a potential windfall.
LayerZero is a unique protocol that enables the connection of various blockchains without the need for a third party. Its adoption by Stargate and Radiant Capital has led to a slight increase in the value of their native tokens following the snapshot approval.
Having raised $120 million in a Series B financing round last year, LayerZero now boasts a valuation of $3 billion, solidifying its position in the market. Notable investments from Andreessen Horowitz and Sequoia Capital have further contributed to the company’s growth.
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