a16z Crypto acquires $55M in LayerZero’s ZRO tokens with 3-year lock
Venture capital firm a16z Crypto has acquired an additional $55 million worth of LayerZero’s native token, ZRO, according to an announcement on X.
The newly purchased tokens will be subject to a three-year lockup period, demonstrating the firm’s long-term commitment to the project.
The move builds on a16z’s previous backing of LayerZero, having led both the Series A+ and Series B funding rounds.
General Partner Ali Yahya described LayerZero (ZRO) as critical infrastructure for a new onchain financial system, noting that the protocol enables new business models and complex workflows to operate across blockchain networks.
