a16z deepens its commitment to LayerZero by locking $55M worth of ZRO tokens for three years.
LayerZero expands utility with Libre, Plume, and Nibiru integrations across 125+ blockchains.
Andreessen Horowitz (a16z) has again poured large funds into a project that they consider to have a bright future. This time, they have added $55 million in investment into LayerZero’s native token, ZRO. But this is no ordinary investment, where the token is locked for three years. This step was announced directly by a16z’s General Partner, Ali Yahya.
This means that they cannot just buy and sell in the near future. It can be said that this is a strong signal that a16z is really serious about supporting this cross-chain protocol in the long term.
I’m excited to announce that we’ve invested an additional $55M in @LayerZero_Core tokens (ZRO), with a 3-year lockup.
Our global financial system is evolving, and it’s great to see the protocol enabling many new businesses and complex workflows
