A16z Allegedly Purchased OP Tokens Worth $90 Million

According to BlockBeats, venture capital firm a16z is reported to have invested $90 million in OP tokens in early March. The information was revealed by an insider and reported by unchainedcrypto. However, neither a spokesperson for a16z nor one for Optimism, the company behind the OP tokens, have responded to multiple requests for comment on the matter. Previously, BlockBeats reported that Optimism had announced a private token sale in early March. The company sold approximately 19.5 million OP tokens, which were valued at around $89 million at the time. The tokens sold in this private sale are subject to a two-year lock-up period. During this lock-up period, the buyers can delegate their tokens to an unrelated third party for governance purposes.