On Thursday, Raddar Altcoin witnessed a light price on Thursday after the venture capital giant andreatessen Horowitz (A16Z) invested $ 55 million in the tokens.
ALI Yahya, a general partner of A16Z Crypto, has invested in ZRO, the default token of the Omnichain interoperable protocol layerzero.
Layerzero aims to move the data by crossing the blockchain and to support the development of “censorship prevention messages and licensed development through immutable smart contracts.” Yahya pointed out that the A16Z investment has three years of lock.
ZRO traded about $ 2.33 before the announcement and surged to $ 2.54 after about 90 minutes. The 208th password asset by market cap returns to $ 2.46 partially, but has increased more than 2.5% over the last 24 hours.
In comparison, the total market capitalization of encryption decreased by more than 1% last day.
Earlier this week, the on -chain permanent exchange GMX announced that Layerzero will act as a “priority messaging infrastructure provider” for multi -tooth expansion. The XDC Network, a layer-1 blockchain, recently announced integration of Layerzero Omnichain.
Explain XDC.
“This integration connects the XDC network to more than 125 Layerzero support blockchains, enhancing the developer and company to build an omnichain application that interacts with the network with enhanced trust, speed and efficiency.”
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Created image: Midjourney