A16z Crypto, the blockchain investment arm of venture capital firm Andreessen Horowitz, has invested $50 million in Jito, a liquid staking protocol that underpins the Solana network.
The deal will grant a16z an undisclosed allotment of Jito’s native tokens at a discounted rate, according to a Fortune report Thursday.
Brian Smith, executive director of the Jito Foundation, told Cointelegraph that the Jito Foundation has “an exceptionally long time horizon,” and the investment “will…
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