LayerZero Labs, known for its innovative cross-chain communication protocol, has recently completed an initial snapshot as part of a potential airdrop event aimed at rewarding its community members. This significant step, finalized at 11:59:59 PM UTC on May 1, 2024, marks the cut-off for transactions eligible for the airdrop. The organization hinted at more updates soon, suggesting this could be the first of multiple airdrop events. With a history of strong backing, having raised $120 million at a $3 billion valuation in April 2023, LayerZero continues to play a pivotal role in enhancing interoperability across blockchains by allowing data and asset transfer between them.
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Despite not revealing specific reward details, LayerZero’s strategy includes decentralizing governance within the network and incentivizing early users. The company has previously indicated plans for a token launch in the first half of 2024, which aligns with their current activities.
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