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

Bitget App

Trade smarter

Bitget

News

PANews2025/10/16 13:49

Show original

By:PANews

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!

The article points out that as expectations rise for the launch of the native token on Coinbase's L2 network Base (expected in Q4 2025), Zora, as a leading application within its ecosystem, has become the focus of market attention. Investors see Zora as a key pathway to gaining potential Base token airdrops, and its recent strong performance and strategic developments have further reinforced these expectations.

Chaincatcher•2025/10/16 21:27