Advent International has reportedly acquired a majority stake in LayerZero Power Systems for $1 billion. As a significant provider of mission-critical power infrastructure for data centers, LayerZero is seen to bolster AI data center growth. This acquisition also indicates an expected expansion and job creation. Well-known venture capital firm Andreessen Horowitz has positioned itself in LayerZero, investing an additional $55 million into the company.
LayerZero has been actively broadening its partnerships and collaborations. LayerZero continues to extend its reach to multiple chains, including the Deutsche Telekom MMS. LayerZero's technology has allowed for the launch of Wyoming's state-backed stablecoin and PayPal USD stablecoin transfers between Ethereum and Solana. These significant achievements have resulted in a remarkable price boost for the cryptocurrency. Interestingly, the founders of LayerZero, SEI, Selini Capital, and Plume have backed a hyper-personalized AI crypto discovery engine.
New integrations have considerably expanded LayerZero's services. Ubisoft has utilized LayerZero's network, launching a network for migrating crypto game assets. LayerZero has integrated with Cronos EVM and zkEVM, connecting 115+ blockchains. LayerZero has released a high-performance database optimized for blockchain data, and Stargate ETH and USDC pools have been launched in the wake of integration with LayerZero.
Despite soaring on the market, LayerZero's price is now approaching a crucial event. A total of 25.71MM ZRO tokens are set to unlock by July 2025. This event could potentially pose a severe downside risk to the token's price. Therefore, investors should proceed with caution. However, AI16Z continues to pump more funds into LayerZero, suggesting healthy industry confidence.
LayerZero News Analytics from Thu, 25 Jul 2024 07:00:00 GMT to Wed, 02 Jul 2025 12:28:03 GMT - Rating 5 - Innovation 7 - Information 8 - Rumor 4
