Hedera Hashgraph DLT Blockchain Rival Raises $100 Million, Seeks ICO for +$20 Million
Hedera Hashgraph Successfully Raises $100 Million in Funds, More to Come!
Blockchain-based platform devoted to collaborating individuals to conduct safe and secure transactions, Hedera Hashgraph has announced its triumph in raising $100 million in a funding round.
The CEO and Co-Founder of Hedera Hashgraph, Mance Harmon concealed the specs of the fund raising, only revealing the contributions of Blocktower’s Ari Paul and its Hedera Hashgraph’s employees.
Going forward, the team involved plans to initiate a public Initial Coin Offering (ICO) in the efforts of raising nearly $20 million. However, it will be prioritizing accredited investors during the round. The firm that successfully raised $100 million in its most recent funding round, as well as $18 million during a private sale, without doubt is highly likely to reach its set goal.
As for the steps following the fund raising, Harmon shared that more emphasis will be placed on understanding what’s preventing user adoption of the technology. In addition, he believes doing so through Hedera’s public ledger would be a great first step, further adding that:
“We’re taking that tech, the Hashgraph, and trying to address the problems we see in the market that prevent mainstream adoption of public ledger technology and there’s really four categories.”
For the time being, what those “four categories” are yet to be disclosed, however, it will surely be announced as the project takes shape.