💰a16z @a16z has increased its investment in LayerZero @LayerZero_Core's token, $ZRO, with an investment of $55M.
a16z Crypto partner Ali Yahya posted on X that the firm has invested an additional $55M in LayerZero's token $ZRO, with a lock-up period of 3 years.
In addition, he added: "The global financial system is evolving, and we are happy to see the LayerZero protocol helping many new businesses and complex processes get on-chain. The above does not constitute investment advice or an advertisement for investment services."