a16z is betting on LayerZero: they bought $55 million in ZRO tokens with a 3-year lock-up. This is not a16z's first investment: they have previously led the project's Series A+ and B rounds.

The infrastructure protocol #LayerZero, let us recall, is the basic infrastructure layer for the "new Internet" and for blockchains the same as TCP/IP for the Internet. According to the team, it provides seamless transfer of data and assets between 125 blockchains. According to their data, today 70% of the volume of all stablecoins, more than $ 100 billion in assets are processed through LayerZero and over 400 applications are running.

a16z, betting on #ZRO, points out: "The global financial system is being restructured, and LayerZero is one of the key protocols of this shift."

BUT what is worth remembering is that this is a venture market player. Even if LayerZero doesn't work out, they can make money elsewhere. And a retail representative, if he invests the whole pie in ZRO, can go broke.

ZRO showed an 8% growth on the news, but to cancel the downtrend that emerged in April, it is necessary to at least recover above the EMA 50-day TF, which is now at $2,695, and it is better to consolidate above the psychological $3, where the Potential break level is located, at $3,022.

ZRO, as a reminder, was bought from us on December 21 in the last investment purchase of altcoins in this cycle. Much higher than the low of March 11 $1,484, at a price of $6,079. The drawdown on it is now -58.49%, and on the portfolio as a whole -59.72%. We do not plan to average it.