Venture capital firm Andreessen Horowitz (a16z) recently poured $55 million into ZRO. This token is the native asset of LayerZero, an exciting new omnichain interoperability protocol. The move pumped the token’s price. This changepoints to the growing demand for cross-chain interoperability solutions within the blockchain ecosystem.

LayerZero’s vision is to make data easily flow across all blockchains, and unlock experiences that are otherwise impossible. Its technology supports "censorship-resistant messages and permissionless development through immutable smart contracts," according to Ali Yahya, a general partner at a16z crypto.

a16z is surely making this investment with a three-year lockup provision. This step further demonstrates the venture capital firm’s bullishness on LayerZero’s long-term prospects. Not surprisingly, news of the investment led to a significant price spike for ZRO.

Before the disclosure, ZRO was trading at approximately $2.33. About 90 minutes after their announcement went up, the price of their token reached an all-time high of $2.54.

LayerZero recently integrated XDC Network, an enterprise-ready layer-1 blockchain. LayerZero will serve as GMX’s default messaging infrastructure provider. This partnership powers GMX’s multichain expansion as an on-chain decentralized perpetual exchange.

"censorship-resistant messages and permissionless development through immutable smart contracts." - Ali Yahya, a general partner at a16z crypto

The general crypto market is down, with total market cap down more than 1% in the last 24 hours. ZRO with its customer-centric motive has shown spectacular durability throughout this period. The token is trading more than 2.5% higher over the last 24 hours.

As of press time, ZRO has since pulled back somewhat, trading at $2.46 from the initial pump.