The investors combined to purchase 7.5 percent of the protocol at a $136 million valuation.
The key difference here, however, is that this figure is more relative than usual – in the case of Handshake, there won’t be any entity to support (or value) beyond the protocol.
As such, Poon framed Handshake as a project intent on raising as little as possible, so that the largest amount could be given away to open-source developers.
Poon told CoinDesk:
“There’s this notion that crypto tokens when they go live, it’s similar to late-stage venture financing, and this gives an alternate model for that.
However, that’s not to say that he doesn’t have every aspiration that the model and ideas will be lasting.
An amended prospectus filed yesterday by Robinhood indicates the company is aiming to get a valuation of up to $35 billion in its upcoming IPO. The fee-free options, cryptocurrency, and stock trading service is expecting to sell up to 55 million shares and raise more than $2 billion when the IPO launches next week. Robinhood […]
Coinbase’s reference price of $250, received ahead of the Nasdaq direct listing, values a “thank you” gift to all 1,700 full-time employees at $25,000.
The sustained bear market has hit cryptocurrency miners hard and stalled the incredible growth experienced by hardware manufacturers that service the industry. It seems that investors are still willing to pour significant money into the business, however, judging by Canaan Creative’s latest raise.
Cryptocurrency prices have spiked significantly in value during afternoon trading sessions on Feb. 8. The entire market cap of the top digital assets recorded today has added over $15 billion in fiat value in just one hour.
Several cryptocurrencies attempt to bank on big movement later throughout 2018. More specifically, there are a fair few projects which are on the verge of entering the top 15 ranked by market cap.
Among the luxury goods market, there are a number of issues that arise when it comes to buyers and sellers. From receiving accurate appraisals to spotting counterfeit products, blockchain tech has the potential to transform the luxury goods world.