LayerZero's ZRO Price Jumps 10% as VC Firm Andreessen Horowitz (a16z) Buys $55M Tokens

LayerZero's ZRO Price Jumps 10% as VC Firm Andreessen Horowitz (a16z) Buys $55M Tokens

Interoperability protocol LayerZero's native token (ZRO) surged Thursday on news that venture capital firm Andreessen Horowitz's (a16z) crypto arm increased its investment in the project.The company acquired additional $55 million ZRO tokens committing to a 3-year lock-up period, general partner Ali Yahya said in an X post. A16z has been an early backer of the protocol's development firm LayerZero Labs, participating in the team's $135 million s…

Interoperability Protocol Asset Surges After a16z Acquires $55,000,000 Worth of the Project’s Native Asset

An under-the-radar altcoin witnessed a mild jump in price on Thursday after the venture capital giant Andreessen Horowitz (a16z) announced it was investing $55 million in the token. Ali Yahya, a general partner at a16z crypto, announced the investment in ZRO, the native token of the omnichain interoperability protocol LayerZero. LayerZero aims to move data... The post Interoperability Protocol Asset Surges After a16z Acquires $55,000,000 Worth o…

Andreessen Horowitz Invests $55M in LayerZero Tokens - Blockchain & Cryptocurrencies Tabloid

A16z commits $55M to LayerZero with a three-year token lockup, boosting confidence in its cross-chain infrastructure. The post Andreessen Horowitz Invests $55M in LayerZero Tokens appeared first on Blockchain & Cryptocurrencies Tabloid.

Confidence Surge: a16z Crypto Amplifies LayerZero Investment with $55M Locked ZRO Token Acquisition

In a powerful display of confidence in cross-chain technology, a16z Crypto has significantly deepened its commitment to LayerZero by acquiring an additional $55 million worth of ZRO tokens. This substantial LayerZero investment, announced on X, comes with a three-year lock-up period, signaling a long-term belief in the protocol’s potential. But what does this mean for LayerZero, a16z crypto, and the broader Web3 ecosystem? Let’s dive into the de…

A16z doubles down on LayerZero with $55M investment - WorldNL Magazine

The $55 million investment has been made through LayerZero tokens with a three-year lock-up, according to an a16z general partner. Venture capital firm Andreessen Horowitz, or a16z, announced a $55 million investment in LayerZero, a Web3 company that runs a crosschain messaging protocol. The investment was disclosed in an April 17 X post by Ali Yahya, a general partner in the firm.A16z has made previous investments in LayerZero, including an ini…

LayerZero’s ZRO Token Gains Momentum with New $55 Million In

LayerZero's ZRO token surged after a $55 million investment from a16z. The protocol supports communication between 125 blockchains, enhancing operational efficiency. Continue Reading:LayerZero’s ZRO Token Gains Momentum with New $55 Million Investment The post LayerZero’s ZRO Token G...