The post Company With $42 Billion AuM Announces Multi-Million Dollar Investment in This Altcoin appeared on BitcoinEthereumNews.com.

Venture capital giant Andreessen Horowitz (a16z) has announced a new investment of $55 million in LayerZero (ZRO) tokens. a16z general partner Ali Yahya confirmed the news on social media, saying: “I am excited to announce that we have invested another $55 million in LayerZero (ZRO) tokens with a 3-year lock-up. Our global financial system is evolving and it is great to see the protocol enable so many new businesses and complex workflows to move on-chain.” LayerZero is known as a protocol that aims to facilitate secure and efficient cross-chain messaging, making it easier for decentralized applications (dApps) and services to communicate across various blockchain networks. However, the ZRO price responded to the development with a weak upward movement and is trading 1.2% higher on the day at the time of writing. The token has a market cap of $260 million and is traded on major cryptocurrency exchanges such as Binance, Coinbase, Bybit. However, it is important to remember that only 110 million of the token’s maximum supply of 1 billion ZRO tokens are in circulation. *This is not investment advice. Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data! Source: https://en.bitcoinsistemi.com/company-with-42-billion-aum-announces-multi-million-dollar-investment-in-this-altcoin/

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Filed under: News - @ April 18, 2025 3:17 am