Dfinity Foundation to Raise $102M During Closed ICO

Andreessen Horowitz, Polychain Capital, SV Angel, Aspect Ventures and Multicoin Capital took part in financial round
30 August 2018   1372

The Dfinity Foundation project conducted the closed sale of tokens for accredited investors, raising $ 102 million to create its own blockchain protocol. The round of financing was headed by the cryptocurrency division of the venture company Andreessen Horowitz (a16z). This is reported by Bloomberg.

Polychain Capital, SV Angel, Aspect Ventures and Multicoin Capital took part in financial round too. The price of one token at the same time was $ 4.18, and coins for a total of $ 35 million were distributed among the community through AirDrop.

The a16z stressed that they highly value the startup's chances in the first place due to the composition of the team, which includes former developers from Alphabet Inc and Uber Technologies Inc, as well as Ph.D. from Yale University.

Earlier, the Dfinity Foundation attracted $ 61 million from Andreessen Horowitz and Polychain Capital to create "cloud 3.0".

A16z and Polychain Capital jointly financed the start-up Oasis Labs, which eventually raised $ 45 million.

In addition, Polychain Capital and bitcoin-exchange Binance invested in the development of Terra stablcoin.

Brave Browser Start Paying BAT For Ads Viewing

Brave browser ICO was launched in 2017 by the creator of the JavaScript programming language and ex-Mozilla CEO Brendan Eich; it raised $35M in 30 seconds
25 April 2019   67

Users of the new Brave browser desktop version will finally be able to participate in the Brave Ads program.

Brave is developed by the creator of the JavaScript programming language and ex-Mozilla CEO Brendan Eich and is positioned as something more than a “ad-blocking browser”. The implementation of this idea is based on Brave Ads.

Users who decide to take part in the program will be able to receive up to 70% of the profits generated by the advertisements shown to them, TechCrunch reports with reference to the company's statement. Awards will be paid in the form of own tokens of the Basic Attention Tokens project (BAT), which users, in turn, will be able to share with the creators of the content they like on the network.

By default, donations to BAT will be transferred to owners of sites that a user visits most often, however, developers plan to realize the possibility of exchanging tokens for awards, such as vouchers for restaurant visits or hotel accommodations. Also, earned advertising tokens can be exchanged for other cryptocurrencies and Fiat through exchanges. If desired, users can continue to use Brave without receiving a BAT.

A lot of users don’t want to cash out [when they receive BAT]. It’s not a huge amount of value for most people, so they may prefer to just use it to give back. And that’s the real idea: A browser with the user steering it is replacing the ad tech complex.
 

Brendan Eich

Founder, Brave

BAT can only be used to reward publishers. Soon with their help, users will be able to buy additional content and, possibly, some products. The ability to withdraw tokens will be realized after the introduction of the user identification system.