Andreessen Horowitz's crypto division invests $50 million in Solana staking protocol Jito
Foresight News reported, according to Fortune Magazine, that Andreessen Horowitz's crypto division has announced a $50 million investment in the Solana staking protocol Jito. In return for the investment, the company received a portion of Jito's cryptocurrency allocation.
Brian Smith, Executive Director of the Jito Foundation, stated, "This is the largest single investment in Jito by an individual investor to date." However, he declined to disclose specific details of the transaction.
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