“The Venture Capital Firm’s Zro Acquisition Follows Previos Investments in the Protocol.”, – WRITE: www.coindesk.com
The Company Acquired Additional $ 55 Million Zro Tokens Committing to A 3-YEAR Lock-Up Period, General Partner Ali Yahaya Said in an X Post. A16z was been an early backer of the Protocol’s Development Firm Layerzero Labs, Participating in the Team’s $ 135 Million Series A Fundraising Round in 2022 and The Following $ 120 Million Series.
Zro Advanced 10% to $ 2.56 Following the AnnounCement Before Shading Somes of the Gains. The Token Was Recently Up Around 5% During the Day, OutperForming The Broad-Market Coindesk 20 Index and Bitcoin (BTC) Gains.
Layerzero Is A Key Piece of Infrastructure that Allows Communication Between isolated Blockchains with Cross-Chein Messages. The Protocol Underpins 125 Blockchains, Has Facilitated Over 145 Million Cross-Cross-Messages and $ 75 Billion in Value Transfers. ITS Tech Supports Projects Such as Paypal’s Stablecoin, Defi Protocols Ehena and PENDLE, AND WAS SELECTED As an Issuance Partner for Wyoming’s Stablecoin Project.
The Investment Will The Protocol Expand Beyond Interoperability to Token Issuance, Data Management, Governance and Improving Databases, Accounting To An Email.
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