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a16z Splashes $55M on LayerZero’s $ZRO Token

Twitter icon  •  Published 1 year ago on April 18, 2025  •  Hassan Maishera

On Thursday, the LayerZero team announced via X that a16z crypto has acquired an additional $55 million ZRO, locked for three years.

a16z Splashes $55M on LayerZero’s $ZRO Token

On Thursday, the LayerZero team announced via X that a16z crypto has acquired an additional $55 million ZRO, locked for three years. a16z Crypto led LayerZero’s Series A+ and Series B rounds, and has believed in their vision from the outset.

LayerZero is an interoperability protocol designed to facilitate seamless communication between different blockchains. It aims to create a unified, interconnected blockchain ecosystem where assets and data can move freely across various networks. ZRO trades at $2.394, up 2% in the last 24 hours. 

 

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Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.

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