A16z Crypto Capital $50 Million in Jito

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CoinMoi
10-17
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a16z Crypto Fund – the crypto investment arm of Andreessen Horowitz – has just invested $50 million in Jito, the core infrastructure protocol of the Solana ecosystem. In exchange for this investment, a16z received an undisclosed amount of tokens, aiming to “align long-term interests” between the two parties.

According to Ali Yahya, Senior Partner at a16z: “Jito is driving growth across the Solana ecosystem through speed and network efficiency thanks to the Block Assembly Marketplace (BAM). We are excited to join the Jito team on their journey to scale DeFi.”

This is considered one of a16z's largest crypto investments in recent years, after the post-FTX market slump. Previously, the fund invested $55 million in LayerZero and $70 million in EigenLayer, along with several smaller deals such as Poseidon ($15 million) and Catena Labs ($18 million).

During the market boom, a16z established giant funds such as Crypto Fund III ($2.2 billion) and Crypto Fund IV ($4.5 billion) to invest in the blockchain sector.

Jito is currently the leading MEV and liquid staking infrastructure provider on Solana, managing approximately $2.7 billion in staking. VanEck also recently filed for a JitoSOL ETF, demonstrating the project's growing potential.

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The article A16z Crypto Capital $50 Million in Jito appeared first on CoinMoi .

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