Ethereum Co-Founder’s Polkadot Closes Token Sale, Claiming $1.2 Billion Valuation – CoinDesk
The Web3 Foundation has closed on a private sale of tokens to fund the development of Polkadot, the ambitious blockchain interoperability project started by ethereum co-founder Gavin Wood. The Swiss nonprofit said Thursday that the 500,000 DOT tokens (5 percent of the total supply) were sold at the targeted valuation for the project of $1.2 billion, and that investors wanted more than were available.
