Andreessen Horowitz Invests $55 Million in LayerZero's ZRO Tokens

LayerZero's native token, ZRO, surged after venture capital firm Andreessen Horowitz (a16z) increased its investment by purchasing an additional $55 million in ZRO tokens, which will be locked for three years. A16z has consistently backed LayerZero, participating in major funding rounds in 2022 and 2023, and describes the protocol as critical infrastructure for interoperable blockchain networks. LayerZero enables seamless cross-chain communication, currently supporting over 125 blockchains, processing more than 140 million messages, and facilitating $75 billion in value transfers. Its technology powers significant projects like PayPal’s stablecoin, DeFi protocols, and Wyoming’s stablecoin initiative. The latest investment aims to further expand LayerZero’s offerings, including token issuance, data management, governance, and database enhancements. The increased investor confidence highlights the growing importance of interoperability solutions as blockchain adoption accelerates.