PANews reported on September 18 that the LayerZero Foundation launched the lzCatalyst program, which aims to connect top developers with the best venture capital institutions in the crypto industry. As the launch partners of lzCatalyst, institutions such as a16z Crypto, Animoca Brands, Delphi Ventures, and PayPal Ventures can choose to invest up to $300 million to support innovative cross-chain applications built on LayerZero. The program provides developers with sufficient funds and resources, and participating funds can directly invest in projects, and investment decisions will remain independent. If a project receives investment support from multiple funds, it can also receive additional strategic funds from the LayerZero Foundation.