The Layerzero Native Token Interoperability Protocol (Zro) jumped on the news Thursday that the cryptographic arm of the venture capital company Andreessen Horowitz (A16Z) increased its investment in the project.
The company has acquired 55 million additional ZRO tokens that engage in a 3 -year locking period, said General Partner Ali Yahya in a post X. A16Z was a first funder for the Development Company of the Layerzero Labs Protocol, participating in the series B collection series of 135 million dollars of the team in 2022 and the B series of $ 120 million following in 2023.
Zro increased from 10% to $ 2.56 after the announcement before losing some of the gains. The token recently increased by around 5% during the day, surpassing the gains of the Coindesk 20 index on the broad market and Bitcoin (BTC).
Layerzero is a key element of the infrastructure that allows communication between isolated blockchains with transverse messages. The protocol underlined 125 blockchains, facilitated more than 145 million transversal messages and $ 75 billion in value transfers. His technologies support projects such as Paypal Stablecoin, the Protocols Defi Ethena and Pendle, and was selected as a program partner for the Stablecoin project of Wyoming.
Investment will help the protocol to develop beyond interoperability to the emission emission, data management, governance and improvement of databases, according to an email.
