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Interoperability Protocol Asset Surges After a16z Acquires $55,000,000 Worth of the Project’s Native Asset – The Daily Hodl

19 April 2025
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An under-the-radar altcoin witnessed a gentle soar in worth on Thursday after the enterprise capital big Andreessen Horowitz (a16z) introduced it was investing $55 million within the token.

Ali Yahya, a basic associate at a16z crypto, introduced the funding in ZRO, the native token of the omnichain interoperability protocol LayerZero.

LayerZero goals to maneuver knowledge throughout blockchains and help “censorship-resistant messages and permissionless improvement by means of immutable sensible contracts.” Yahya notes the a16z funding has a three-year lockup.

ZRO was buying and selling round $2.33 previous to the announcement and surged to a excessive of $2.54 round 90 minutes later. The 208th-ranked crypto asset by market cap has since partially retraced to $2.46 at time of writing, although it stays up by greater than 2.5% previously 24 hours.

The general crypto market cap, by comparability, is down greater than 1% previously day.

Earlier this week, the on-chain perpetual trade GMX introduced LayerZero would function the “most well-liked messaging infrastructure supplier” for its multichain enlargement. The XDC Community, a layer-1 blockchain, additionally lately introduced a LayerZero omnichain integration.

Explains XDC,

“This integration connects the XDC Community to over 125+ LayerZero-supported blockchains, empowering builders and enterprises to construct omnichain functions interacting throughout networks with enhanced belief, pace, and effectivity.”

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Disclaimer: Opinions expressed at The Each day Hodl aren’t funding recommendation. Traders ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital belongings. Please be suggested that your transfers and trades are at your personal danger, and any losses you might incur are your accountability. The Each day Hodl doesn’t suggest the shopping for or promoting of any cryptocurrencies or digital belongings, neither is The Each day Hodl an funding advisor. Please notice that The Each day Hodl participates in internet online affiliate marketing.

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Tags: A16zAcquiresAssetDailyHodlInteroperabilityNativeProjectsProtocolSurgesworth
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