a16z Invests $55M in LayerZero (ZRO) with 3-Year Lock-Up

Venture capital giant Andreessen Horowitz (a16z) has injected $55 million into LayerZero, the protocol underpinning secure cross-chain messaging, by purchasing ZRO tokens with a 3-year lock-up. This substantial investment highlights the growing institutional confidence in LayerZero's ability to facilitate decentralized application (dApp) interoperability across multiple blockchain networks. General partner Ali Yahya confirmed the investment on social media, adding that the protocol is critical in supporting complex on-chain workflows and emerging global financial systems. Despite the positive news, ZRO's market price has only shown a modest 1.2% increase on the day of the announcement. With a market cap of $260 million and operating on major exchanges like Binance, Coinbase, and Bybit, ZRO currently has 110 million tokens in circulation out of a maximum supply of 1 billion.