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a16z buys an additional $55 million in LayerZero tokens, ZRO, with a 3-year lock-up period
Ali Yahya, general partner of a16z, said that a16z has invested an additional $55 million in the LayerZero token ZRO with a 3-year lock-up period. a16z has previously invested in LayerZero, including an initial investment in March 2022 and a follow-on investment during LayerZero's Series B funding in April 2023.