Ethereum co-founder’s Polkadot closes token sale, claiming $1.2 billion valuation

The Web3 Foundation concluded a private sale of 500,000 Polkadot (DOT) tokens or five percent of its total supply at a $1.2 billion firm valuation. The total raised remains undisclosed, although the non-profit was shooting for $60 million. The last DOT sale by Web3 occured in Oct. 2017 with $145 million DOT sold at $30 per token.

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