According to TechFlow, the cross-chain protocol LayerZero announced yesterday the launch of the lzCatalyst plan, which aims to connect top crypto project developers with top venture capital institutions.

As launch partners of lzCatalyst, several well-known institutions including a16z Crypto, Animoca Brands, Atrum, Delphi Ventures, Faction, Franklin Templeton, King River, Lightspeed, PayPal Ventures and Spartan have the right to invest up to $300 million to support the development of innovative full-chain applications built on LayerZero.

Projects that receive a significant investment from a partner fund or receive participation from two or more partner funds in a round of financing will be eligible to receive additional strategic capital investment directly from the LayerZero Foundation.