a16z Crypto recently purchased $55 million worth of ZRO from LayerZero, with the announcement highlighting a three-year lockup for the tokens. Bryan Pellegrino, CEO of LayerZero, discussed the evolving landscape of the crypto industry, noting that it has become more stable and appealing for large players like BlackRock and PayPal. LayerZero now holds a 75% market share, facing challenges in scaling from $6 billion in monthly transfers to $100 billion. Pellegrino emphasized that the investment from a16z reflects long-term vision and commitment rather than short-term gains. LayerZero is focused on aligning with its investors and leveraging its 10-year runway to solidify its presence in the market. This move follows LayerZero's $120 million Series B funding round in April 2023, aimed at building a world-class company rather than just securing funds. Pellegrino maintains a cautious approach towards extravagant spending and emphasizes the importance of sustainable growth in the crypto space.

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