{"id":22616,"date":"2025-04-17T18:31:50","date_gmt":"2025-04-17T18:31:50","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=22616"},"modified":"2025-04-17T18:31:50","modified_gmt":"2025-04-17T18:31:50","slug":"layerzeros-zro-jumps-10-as-vc-firm-andreessen-horowitz-buys-55m-worth","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=22616","title":{"rendered":"LayerZero&#8217;s ZRO Jumps 10% as VC Firm Andreessen Horowitz Buys $55M Worth"},"content":{"rendered":"<div>\n<p>Interoperability protocol LayerZero&#8217;s native token (ZRO) surged Thursday on news that venture capital firm Andreessen Horowitz&#8217;s (a16z) crypto arm increased its investment in the project.<\/p>\n<p>The company acquired additional $55 million ZRO tokens committing to a 3-year lock-up period, general partner Ali Yahya said in an <a href=\"https:\/\/x.com\/alive_eth\/status\/1912899221868396869\" target=\"_blank\">X post<\/a>. A16z has been an <a href=\"https:\/\/a16zcrypto.com\/posts\/article\/investing-in-layerzero\/\" target=\"_blank\">early backer<\/a> of the protocol&#8217;s development firm LayerZero Labs, <a href=\"https:\/\/news.crunchbase.com\/web3\/blockchain-venture-funding-valuation-layerzero-a16z\/\" target=\"_blank\">participating<\/a> in the team&#8217;s $135 million series A fundraising round in 2022 and the following $120 million series B round in 2023.<\/p>\n<p>ZRO advanced 10% to $2.56 following the announcement before shedding some of the gains. The token was recently up around 5% during the day, outperforming the broad-market CoinDesk 20 Index and bitcoin (BTC) gains.<\/p>\n<p>LayerZero is a key piece of infrastructure that allows communication between isolated blockchains with cross-chain messages. The protocol underpins 125 blockchains, has facilitated over 145 million cross-chain messages and $75 billion in value transfers. Its tech supports projects such as PayPal&#8217;s stablecoin, DeFi protocols Ethena and Pendle, and was selected as an issuance partner for <a href=\"https:\/\/www.coindesk.com\/policy\/2025\/03\/26\/wyoming-state-gears-towards-launching-a-stablecoin-this-year\" target=\"_blank\">Wyoming&#8217;s stablecoin project<\/a>.<\/p>\n<p>The investment will help the protocol expand beyond interoperability to token issuance, data management, governance and improving databases, according to an email.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Interoperability protocol LayerZero&#8217;s native token (ZRO) surged Thursday on news that venture capital firm Andreessen Horowitz&#8217;s (a16z) crypto arm increased its investment in the project. The company acquired additional $55 million ZRO tokens committing to a 3-year lock-up period, general partner Ali Yahya said in an X post. A16z has been an early backer of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-22616","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/22616","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=22616"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/22616\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=22616"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=22616"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=22616"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}