Andreessen Horowitz Invested $90 Million in This Ethereum (ETH) Based Altcoin!

One of the leading venture capital companies of Silicon Valley Andreessen Horowitz (a16z) follows cryptocurrencies closely.

At this point a16z Ethereum (ETH) a based one altcoine made a large investment.

According to the news of Unchained, a16z, worth approximately $90 million Optimism (OP) bought the token.

The news reports that the Optimism Foundation raised approximately 19.5 million dollars worth approximately $90 million in early March. OP Attention was drawn to his statement that he sold it.

“Leading venture capital firm a16z has acquired Optimism (OP) for $90 million, according to two sources familiar with the matter.”

Interesting assessment of a16z’s latest crypto investment, says one source: “Optimisim did a pretty good job. “They are still doing airdrops.” said

While a16z and Optimisim spokesperson did not make a statement regarding the OP investment, Optimisim spokesperson said, “We are excited about the energy and momentum Optimisim has achieved and are excited for the future.” said.

Despite the general decline, it increased by 13% in the last 24 hours OPcontinues to trade at $2.64 at the time of writing.

*This is not investment advice.