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“I think the industry a year ago was messy, was very competitive,” LayerZero CEO Bryan Pellegrino told me. But it's been “cleared up” thanks to the friendlier environment and overall adoption.
TL;DR $55M Investment with a 3-Year Lock-Up: Andreessen Horowitz has committed $55 million to LayerZero's ZRO tokens, locking in the funds for three years. Building on Past Success: This strategic investment builds on prior rounds in March 2022 and April 2023, reinforcing consistent confidence in LayerZero's innovative cross-chain communication protocol.
LayerZeros native token, ZRO, rallied on Thursday after leading venture capital firm Andreessen Horowitz (a16z) expanded its investment in the blockchain interoperability protocol. The a16z crypto arm purchased an additional $55 million worth of ZRO tokens with a 3-year lock-up period, according to general partner Ali Yahya.
A16z has invested $55M in LayerZero's ZRO token with a three-year lockup, signaling confidence even as crypto markets face volatility and trade pressure. The post VC Giant A16Z Pours $55M into LayerZero, Sending Native Token ZRO 10% Higher appeared first on Cryptonews.
Andreessen Horowitz invests $55 million in LayerZero tokens.
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 initial investment in March 2022 and a subsequent investment during LayerZero's Series B funding round in April 2023.
Venture capital firm a16z Crypto has acquired an additional $55 million worth of LayerZero's native token, ZRO, according to an announcement on X.
The A16z team intends to lock the acquired ZRO tokens for three years to ensure its market stability. ZRO price is well primed for a major bullish rebound if the wider crypto market rises in the near future. Andreessen Horowitz (a16z) has been a huge contributor to the success of the LayerZero (ZRO) omnichain protocol.
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.
Wyoming is set to launch a stablecoin, marking the first fiat-backed token issued by a public entity in the U.S. The Wyoming Stable Token (WYST) is undergoing testing on various platforms, including Avalanche, Solana, and Ethereum.
Wyoming is preparing to launch its stablecoin on LayerZero, called the Wyoming Stable Token, possibly by July 2025. According to the official announcement on Mar.
LayerZero has created history with its mind blowing hold over the world. The financial system was revolutionized when LayerZero started climbing the ladder.
Crypto prices bounced back on Friday as investors rotated back to risky assets amid rising recession risks. Bitcoin has moved to $84,000, while the market cap of all cryptocurrencies jumped to over $2.85 trillion. This article looks at some of the top trending crypto coins like LayerZero (ZRO), IOST (IOST), and Pi Network (PI).
This partnership opens the doors to a new era for DeFi on Bitcoin.
Rootstock's aim is to end Bitcoin's "isolation" from other chains due to its lack of native smart contracts.
TON integrates with LayerZero to enhance cross-chain liquidity, enabling seamless asset transfers, improved developer tools, and broader blockchain interoperability.
The Open Network (TON) has recently announced its integration with the interoperability protocol LayerZero. This partnership is set to expand TON's capabilities for cross-chain asset transfers, aiming to connect the network with over 100 different blockchain networks.
TL;DR TON integrates with LayerZero to enable asset transfers across more than 100 blockchains, improving liquidity and access to assets from networks such as Ethereum and Solana. The collaboration opens new possibilities for decentralized applications, providing developers with tools to create interoperable and scalable cross-chain solutions.
TON's integration with LayerZero plays a key role in connecting the TON network to the ecosystem of the Tether USDt stablecoin.
TON's integration with LayerZero plays a key role in connecting the TON network to the ecosystem of Tether's USDt stablecoin.
Blockchain developers using the TON stack can now deploy tokens from over 100 networks through LayerZero's infrastructure.
The integration with LayerZero aims to help TON solve limitations in liquidity and provide access to other blockchain's major crypto assets.
Developers will be able to deploy tokens on TON from any of LayerZero's chains using a single contract.
Cronos Labs is expanding its blockchain interoperability capabilities through its newly announced integration with LayerZero, a growing cross-blockchain interoperability protocol.
