LayerZero Labs, developer of a protocol focused on improving the flow of assets between different blockchains, is seeking additional funding just a few months after its last raise.

It announced a $135 million raise at a $1 billion valuation less than two months ago.

One person close to the talks said its latest raise would be denominated in equity, as well as LayerZero token warrants, and tokens native to Stargate, a cross-chain bridge protocol.

Founded in 2021, LayerZero Labs is the main developer of the LayerZero protocol, a so-called “Omnichain” designed to deliver interoperability between blockchains.

Earlier in March, LayerZero launched Stargate, a protocol for swapping tokens across different blockchains.

The $3 billion price tag LayerZero Labs is seeking may prove more challenging, with later-stage investors battening down the hatches and conserving capital.