DeFi (decentralized finance), which is a variety of financial transactions and services on the blockchain, is attracting attention mainly in Europe and the United States, and Solana Labs raises more than $ 300 million in token sale. did. A project to expand the DeFi ecosystem on the blockchain developed by Solana Labs is likely to move at a faster pace.
Solana Labs announced that it has raised a total of $ 314 million in token sales. Andreessen Horowitz, a leading venture capital firm headquartered in Menlo Park, California, and Polychain Capital led the funding round.
Token sales aimed at developing blockchain protocols have exceeded $ 200 million in the past, but this time Solana Lab’s funding is one of the largest.
“If the latest blockchain becomes an” Ethereum killer “with low fees and faster processing power, it will require some amount of funding,” said Anatoly Jakovenko, CEO of Solana Labs. The next phase is to welcome a billion users (to DeFi on the Solana blockchain), “he said in a statement.
Solana Lab is an organization that works to develop blockchains that are widely used around the world, and is attracting attention from US technology companies, venture capital firms, and the DeFi industry. One of the blockchain use cases is financial transactions, but Solana’s blockchain is said to have been developed for large-scale asset transactions.
｜ Editing: Shigeru Sato
｜ Top image: SOLana symbol (Shutterstock)
｜ Original: Solana Labs Raises $ 314M in Token Sale Led by A16z, Polychain