a16z has invested another $55 million in LayerZero with a 3-year lock-up period

ChainCatchet News: Ali Yahya, general partner of a16z, tweeted that a16z has invested an additional $55 million in the LayerZero token ZRO, with a 3-year lock-up period. Currently, ZRO is trading at $2.5, up 5.7% over the last 24 hours, with an FDV of $2.5 billion. Previously, in April 2023, a16z led a $120 million funding round for LayerZero, valuing it at $3 billion. (Source link)