Despite the critics, Chia has just raised $61M from leading tech investors bringing up the company value at around $500 million. With this in total they raised almost $70M.
As per Gene Hoffman: “Our goal has always been to go public relatively quickly as that will significantly clarify our regulatory environment and allow customers to use currency to hedge public market volatility, which is different from other coins.”
Chia is a different kind of crypto, one that we have not seen before. Looking forward the short and long therm updates. Keep farming!
6 thoughts on “Chia raised another $61M, company valued at around $500 million”
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