On October 16th, a16z announced its commitment of 50 million USD to Jito, marking it as a key player in the Solana ecosystem. Brian Smith, Executive Director of the Jito Foundation, highlighted that this deal represents the largest single investment in Jito.
The investment stipulates long-term alignment and prevents short-term token sales, which emphasizes a strategic approach to fostering Jito’s growth. Additionally, a16z’s broader investments this year include 55 million USD in LayerZero and 70 million USD in EigenLayer.
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