Home Fear & Greed Pools Wallets Dictionary Advertise Facebook Twitter Telegram Reddit Youtube
Market Cap:
24h Vol:
Cryptocurrencies: 13284
Markets: 100679
CoinInsight360.com logo CoinInsight360.com logo
ENG
EST
RUS
TUR
DEU
CHI
KOR
ITA
USD
USD
AED
AFN
ALL
AMD
ANG
AOA
ARS
AUD
AWG
AZN
BAM
BBD
BDT
BGN
BHD
BIF
BMD
BND
BOB
BRL
BTN
BWP
BYN
BZD
CAD
CDF
CHF
CLF
CLP
CNH
CNY
COP
CRC
CUC
CUP
CVE
CZK
DJF
DKK
DOP
DZD
EGP
ERN
ETB
EUR
FJD
FKP
GBP
GEL
GHS
GIP
GMD
GNF
GTQ
GYD
HKD
HNL
HRK
HTG
HUF
IDR
ILS
IMP
INR
ISK
JMD
JOD
JPY
KES
KGS
KHR
KMF
KPW
KRW
KWD
KYD
KZT
LAK
LBP
LKR
LRD
LSL
LYD
MAD
MDL
MGA
MKD
MMK
MNT
MOP
MRU
MUR
MVR
MWK
MXN
MYR
MZN
NAD
NGN
NIO
NOK
NPR
NZD
OMR
PAB
PEN
PGK
PHP
PKR
PLN
PYG
QAR
RON
RSD
RUB
RWF
SAR
SBD
SCR
SDG
SEK
SGD
SHP
SLL
SRD
SSP
STD
STN
SVC
SYP
SZL
THB
TJS
TMT
TND
TOP
TRY
TTD
TWD
TZS
UAH
UGX
UYU
UZS
VES
VND
VUV
WST
ZAR
ZMW
ZWL
America's Social Casino

Moralis Money
Market Cap
24h Vol
13284
Cryptocurrencies
62.39%
Bitcoin Share
cryptonews 2025-04-18 04:31:06

VC Giant A16Z Pours $55M into LayerZero, Sending Native Token ZRO 10% Higher

VC Giant A16Z Pours $55M into LayerZero, Sending Native Token ZRO 10% Higher

Venture capital heavyweight Andreessen Horowitz (a16z) has deepened its bet on LayerZero, committing $55m to the crosschain messaging protocol’s native token, ZRO. The fresh investment, which comes with a three-year lockup, was revealed by a16z general partner Ali Yahya in a post on X on April 17. ZRO rose as much as 10% following the announcement, before retracing gains to hover around $2.39. The move signals renewed institutional confidence in LayerZero, even as crypto markets remain sensitive to broader macroeconomic instability and the growing impact of global trade tensions . Canada’s LayerZero has emerged as a key player in the push for crosschain interoperability, building tech that lets decentralized apps talk to each other across different blockchains. 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 to move onchain. pic.twitter.com/uyDHaSsKyR — Ali Yahya | alive.eth (@alive_eth) April 17, 2025 LayerZero Continues to Attract Big-Name Investors The company launched its ZRO token in June 2024 and had already caught the attention of investors with a $3b valuation during its Series B funding round in April 2023. That round drew backing from more than 30 firms, including Sequoia Capital, Circle Ventures and OpenSea Ventures. This is not a16z’s first involvement with LayerZero. The firm led an initial investment in March 2022 and participated again in the 2023 Series B round. The latest capital injection strengthens a partnership that has remained resilient despite recent turbulence in the industry. LayerZero Moves Past Legal Challenges as Crosschain Race Intensifies In Jan. 2025, LayerZero settled a legal dispute with the FTX estate over allegations it had taken advantage of the exchange’s liquidity crisis. The case underscored the legal scrutiny facing protocols operating in grey areas of decentralization and centralized finance, but it did little to dent LayerZero’s growth trajectory. With competition heating up in the crosschain space, LayerZero faces pressure from rivals like Wormhole, which raised $225m at a $2.5b valuation last year. Others including Connext and Stargate are also racing to become the default infrastructure for interoperable blockchain ecosystems. Despite the crowded field, LayerZero has continued to expand its influence, tapping into a growing trend of applications moving toward chain-agnostic infrastructure. The shift has already prompted major players like Phantom and Magic Eden to broaden their blockchain support in pursuit of a wider user base. The post VC Giant A16Z Pours $55M into LayerZero, Sending Native Token ZRO 10% Higher appeared first on Cryptonews .

Most Read News

https://www.digistore24.com/redir/325658/ceobig/
Market Cap
24h Vol
62.39%
Bitcoin Share
285
Today News
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.