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a16z Crypto Invests $50M in Solana's MEV Protocol Jito
Gate News bot message, a16z crypto, the cryptocurrency arm of venture capital firm Andreessen Horowitz, has invested $50 million in Jito Labs, a Solana-based staking protocol. The protocol specializes in Maximal Extractable Value (MEV) infrastructure on the Solana blockchain. This funding round demonstrates the continued institutional interest in Solana’s ecosystem development. The investment was reported by FORTUNE.