A16z doubles down on LayerZero with $55M investment

Quick Summary:

Related: ‘Big Sybil hunt’ and durable users helped LayerZero airdrop succeed, says CEOCrosschain protocols, chain-agnosticism gain tractionCrosschain messaging protocols allow programs to share information across ecosystems and can be a critical function for decentralized applications (DApps) or traders who want seamless swaps across blockchains.

In addition to a16z, Circle Ventures, OKX Ventures, OpenSea Ventures, Sequoia Capital, and many others participated at the time. In January 2025, LayerZero reached a settlement with the FTX Estate over a long-running dispute stemming from allegations that it exploited the exchange’s liquidity crisis by “negotiating a fire-sale transaction,” according to the Estate.

Venture capital firm Andreessen Horowitz, or a16z, announced a $55 million investment in LayerZero, a Web3 company that runs a crosschain messaging protocol.

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Article Details

Author / Journalist: Cointelegraph by Christopher Tepedino

Category: Crypto

Markets: United StatesCanada

Topics: A16z Blockchains Funding Crosschain Layerzero Made Wormhole Ventures Investment Million Messaging

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-17 @ 21:49:16 (1 weeks ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 366 words

Reading Time: 3 minutes read

Sentences: 19 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coin Telegraph

News ID: 27968671

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