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Ark Invest CEO Cathie Wood said Tuesday she has joined the advisory board of LayerZero (CRYPTO: ZRO), a cross-chain interoperability protocol she views as critical in driving a “multi-decade shift” to on-chain finance.
Wood said in an X post that the stint marks her first advisory board role “in a long time” and no “better opportunity” could have come along.
“Finance is moving on-chain, and I believe LayerZero will be one of the core innovation platforms supporting this multi-decade shift,” the veteran investor said.
After getting to know the LayerZero team and what they’ve been building over the past year, I couldn’t think of a better opportunity to join an advisory board for the first time in a long time. Finance is moving on-chain, and I believe LayerZero will be one of the core innovation… https://t.co/CL13XQCYZk
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The advisory board also includes Michael Blaugurung, VP of Strategic Initiatives, Intercontinental Exchange (NYSE:ICE), and Caroline Butler, Former Head of Digital Assets at Bank of New York Mellon Corp. (NYSE:BK).
The move coincided with a “strategic investment” by Tether (CRYPTO: USDT) in LayerZero Labs, the development company behind the LayerZero protocol. Details on the investment type or scale, however, were not revealed.
Tether recognized LayerZero’s role in enabling cross-chain movement of USDT, the world’s largest stablecoin by market capitalization.
See Also: From Moxy Hotels to $12B in Real Estate — The Firm Behind NYC’s Trendiest Properties Is Letting Individual Investors In.
Tether + LayerZero
Tech layer to scale finance to infinity and ubiquity.
WDK (Wallet Development Kit) is integrating LayerZero tech to its core to ensure that people, communities and companies have finally a unified user experience that abstracts complexity, ready for the day… https://t.co/FirguGdNgm
LayerZero is a permissionless protocol enabling the transfer of data and assets across different blockchains. The platform bridged assets worth more than $8 billion over the last month, according to data from DeFiLlama.
Photo Courtesy: wing-wing on Shutterstock.com
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This article Cathie Wood Joins Advisory Board Of Cross-Chain Protocol, Says No 'Better Opportunity' Come Have Come Along — ZRO Token Shoots Up 20% originally appeared on Benzinga.com
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