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Solana Lab raises $314M to fuel its growing ecosystem of decentralized offerings

source-logo  thenewscrypto.com 09 June 2021 17:45, UTC

Solana Labs just held a private token sale that raised more than $314 Million making it one of the biggest private token sales in 2021. Many Crypto venture funds poured money into the token sale.

The company has raised this round in order to support the further development of its ecosystem of decentralized apps. The company made an announcement about the token sale on Wednesday.

The funding will be used to create a dedicated venture capital unit of the company dedicated to investing in projects being built on the Solana network. The funding will also help in the development of existing and underdeveloped applications by the company. 

The CEO of the company Anatoly Yakoenko aims big, he outlined his vision quite recently citing that the company aims to serve more than a billion users.

He also seemed very hopeful about blockchain technology, saying that blockchain is currently at the same apex that PCs saw in the 1970s when they became widely accepted as the future. 

Solana has been all-in on blockchain technology the company has introduced a lot of projects in the blockchain space, mostly in De-Fi. The company also launched an NFT marketplace recently called Metaplex, which is rapidly gaining traction.

The company also provides services under their Solvers unit, which offers human and technical support to projects being built on the Solana network. With its team of highly skilled individuals, Solvers has been advising companies on blockchain-based solutions. 

thenewscrypto.com