Media: a16z venture fund bought $90 million worth of Optimism governance tokens
As part of the deal, OP coins will be blocked for sale for two years
01.05.2024 - 11:30
146
2 min
0
What’s new? Venture capital fund Andreessen Horowitz (a16z) has purchased governance tokens of the Optimism (OP) blockchain worth $90 million in a private transaction, Unchained Crypto reports, citing anonymous sources. Under the terms of the deal, the assets are placed on the blockchain for two years, during which period they cannot be sold on the market.
What else is known? Optimism Foundation, a non-profit organization, announced a deal for a similar amount in early March, without disclosing the investor. At that time, it was also reported that the coins would be locked for two years, while the buyer would be able to delegate them to unaffiliated third parties to participate in voting on the development of the project.
Analyst Colin Wu later reported that a March closed deal to sell $89 million worth of OP tokens to six private investors was the largest funding round of the month.
The a16z deal comes amid increased activity in the Optimism ecosystem, as well as the growing popularity of OP Stack, an open-source tool that allows developers to create Layer 2 (L2) blockchains.
OP Stack has been used by US crypto exchange Coinbase to create Base. The Aevo network and other projects are also built on it. Recently, blockchain developers Celo also chose this tool to create their own L2 network.
The OP token ranks 42nd in the cryptocurrency ranking by market capitalization with a figure of $ 2,7 billion and is trading at $2,53, having added 6,7% per day. At the same time, the drop has been 31% since the beginning of the year.
After the Dencun hard fork in the Ethereum blockchain, fees in networks based on it showed a significant drop. The leader was Optimism, where the cost of transactions decreased by 99%, amounting to less than $0,001.
Useful material?
Telegram 
Twitter Market
The company’s unrealized profits from investing in its first cryptocurrency approached $14 billion
Nov 19, 2024
Incidents
The search, the reason for which was not announced, took place a week after the election, the results of which Polymarket users predicted quite accurately
Nov 14, 2024
Market
Analysts point to the growing popularity of the first cryptocurrency as a safe haven asset
Nov 13, 2024
Market
The product will begin trading on the Swiss Exchange on November 19
Nov 12, 2024
Market
The company’s unrealized profits from investing in the first cryptocurrency approached $13 billion
Nov 12, 2024
Market
The company predicts that the rate of the first cryptocurrency will grow to $200 000 by the end of next year
Nov 11, 2024
Cryptocurrency rates
-
Bitcoin
$98 332
BTC
+4.86%
-
Ethereum
$3 353.25
ETH
+9.65%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Ripple
$1.16
XRP
+7.28%
-
Dogecoin
$0.385725
DOGE
+3.79%
-
Cardano
$0.794243
ADA
-0.11%
-
Bitcoin Cash
$485.81
BCH
+11.53%
-
Polkadot
$5.82
DOT
+3.3%
-
Stellar XLM
$0.243222
XLM
-1.18%
-
Litecoin
$89.34
LTC
+7.21%