Bitget App
Trade smarter
Open
HomepageSign up
Bitget>
News>
a16z crypto division invests $50 million in Jito for token allocation

a16z crypto division invests $50 million in Jito for token allocation

PANews2025/10/16 13:49
By: PANews
SOL-5.40%EIGEN-3.38%JTO-1.41%

PANews, October 16—According to Fortune, a16z (Andreessen Horowitz)'s crypto division has invested $50 million in the Solana ecosystem protocol Jito, acquiring an allocation of Jito tokens. Brian Smith, Executive Director of the Jito Foundation, described this deal as the largest single commitment to Jito by an investor, emphasizing that the terms include "long-term alignment," with the tokens not being available for short-term sale and subject to a certain discount. Earlier this year, a16z also invested in LayerZero ($55 million) and EigenLayer ($70 million) through token transactions. Jito is a liquid staking and transaction prioritization tool for Solana.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Paxos accidentally mints 300 trillion PYUSD
CryptoValleyJournal2025/10/16 20:15
EIGEN Large Unlock Incoming: 10% Market Cap Dilution Per Month, Smart Money Exits Early

There will be more unlocks on November 1, and the results will be revealed then.

BlockBeats2025/10/16 18:44
The 2025 Velo Global Technology Awards Carnival (Singapore) Concludes Successfully

Global tech elites gather to spark new ideas, driving a new chapter in the digital future.

BlockBeats2025/10/16 18:43

Trending news

More
1
Brevis releases Pico Prism, enabling real-time Ethereum proofs on consumer-grade hardware
2
Paxos accidentally mints 300 trillion PYUSD

Crypto prices

More
Bitcoin
Bitcoin
BTC
$107,791.35
-2.92%
Ethereum
Ethereum
ETH
$3,844.3
-2.79%
Tether USDt
Tether USDt
USDT
$1
-0.01%
BNB
BNB
BNB
$1,146.28
-1.20%
XRP
XRP
XRP
$2.3
-4.11%
Solana
Solana
SOL
$183.3
-5.20%
USDC
USDC
USDC
$0.9998
-0.02%
TRON
TRON
TRX
$0.3141
-1.06%
Dogecoin
Dogecoin
DOGE
$0.1859
-5.05%
Cardano
Cardano
ADA
$0.6397
-4.23%
How to sell PI
Bitget lists PI – Buy or sell PI quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now
Trade smarter