
"If you're accepting long-term alignment where you can't sell for a while, then there's traditionally some modest discount associated with that,"
"We're intricately tied to Solana's growth,"
"long-term alignment"
Andreessen Horowitz's crypto arm invested $50 million into Jito in exchange for an allotment of Jito's cryptocurrency. Brian Smith, executive director at the Jito Foundation, described the transaction as encouraging long-term alignment and said it was the largest single-investor commitment to Jito. Smith declined to provide transaction specifics. Token purchase deals are common in crypto, and Andreessen Horowitz completed other notable token investments recently, including LayerZero and EigenLayer. Jito functions as a key infrastructure protocol for the Solana blockchain and is closely linked to Solana's growth and validator ecosystem.
Read at Fortune Crypto
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