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21 June 2021

Solana Aims to Raise $450 Million to Battle Ethereum Supremacy – Bitcoin News

Solana Aims to Raise $450 Million to Battle Ethereum Supremacy – Bitcoin News


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Solana Aims to Raise $450 Million to Battle Ethereum Supremacy – Bitcoin News.

Solana, a proof-of-stake, smart contracts-enabled currency, is aiming to raise $450 million in a funding round that was extended last March.

The Solana ecosystem, which is backed by Sam Bankman-Fried, founder and CEO of derivatives exchange FTX, would use these funds to take on Ethereum supremacy in the Defi ecosystem.

Solana, the FTX-backed, proof-of-stake coin is aiming to raise $450 million in a funding round that was set to close, but instead expanded in March, according to a report from Decrypt.

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