June 09 - 16:06
Solana Labs raises $314m from private token sale
Blockchain firm Solana Labs has raised $314m from a private token sale. The company's blockchain offers support for decentralised apps and marketplaces. Its investment was led by Andreessen Horowitz and Polychain Capital. Since launching in 2018, Solana says it has processed more than 19 billion on-chain transitions. "Tens of thousands" of developers have also flocked to the network.
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