Layerzero’s local token Zro experienced an increase after the increasing investment of the crypto branch of Andreesen Horowitz (A16Z). Within the scope of the A16z project, an additional zro token was purchased for an additional $ 55 million and the 3 -year locking time was introduced. Investment was made to provide resources for Layerzero to continue its development activities.
ZRO investment
The project finds support thanks to A16z, which also participated in a series of 135 million dollars A financing tour in 2022 as a pioneer investor and A16Z, which also participated in the 120 million dollar serial B tour in 2023. The details of the investment include the long -term locking of tokens, while this situation caused mobility in the token graph in the short term.
“The company has committed an additional 55 million dollars of Zro token and has committed a 3 -year locking time.” – Ali Yahya
Layerzero protocol
Layerzero offers a basic infrastructure that allows different Blockchain networks to communicate with each other. The protocol supports 125 different Blockchain, allowing over 145 million messages exchange and 75 billion dollars of transfer. These features make the protocol preferable in extensive projects.
In the Token market, ZRO’s increasing 10 %after the opening was a positive signal for the project and later withdrawn.
Layerzero’s technology is integrated into various applications in areas such as financial projects and payment systems. For example, PayPal’s Stablecoin project and various defi protocols continue their operations using this infrastructure. In addition, the protocol plays an important role in the Stablecoin project of Wyoming.
It is reported that the investment will include not only the interaction between Blockchains, but also to token export, data management, governance and database improvements. This broad perspective points to the future development of the protocol.
Extensive investments and technological infrastructure developments are considered important in terms of facilitating the integration of different blockchain networks. The solutions offered by the protocol can create applicable innovation opportunities in various sectors in the future.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
