Andreessen Horowitz Backs LayerZero with $55 Million
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In a significant move within the tech investment world, prominent venture capital firm Andreessen Horowitz (a16z) has invested $55 million into the multichain messaging protocol LayerZero. This announcement sparked an immediate reaction in the crypto market, with LayerZero’s native token, ZRO, experiencing a nearly 9% increase in value shortly after the news broke.
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