a16z invests $55 million in LayerZero again, with a lock-up period of 3 years

ChainCatcher news, a16z general partner Ali Yahya tweeted that a16z has made an additional investment of $55 million in the LayerZero token ZRO, with a lock-up period of 3 years. Currently, ZRO is priced at $2.5, up 5.7% in the last 24 hours, with an FDV of $2.5 billion, and a previous high of $7.1.

According to data from RootData, a16z previously led a $120 million financing round for LayerZero in April 2023, with a valuation of $3 billion. Earlier, in March 2022, a16z also led a $135 million financing round for LayerZero, with a valuation of $1 billion. (Source link)