Blockchain company Helium announced the completion of a funding round, within which it managed to sell tokens worth $ 111 million. It is known that the project management intends to use the raised funds to develop its decentralized 5G network.
From the official announcement of Helium, it appears that the well-known venture capital company Andreessen Horowitz has become the main investor who has invested the greatest amount in the project. In addition to it, the media emphasize, other market giants - Alameda Research, Multicoin Capital and Ribbit Capital took part in the round of financing.
Andreessen Horowitz CEO Ali Yahya drew attention to the prospects and peculiarities of Helium tokens.
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“The new digital asset protocols, typical of the Helium cryptocurrency, will become real competitors for telecommunications service providers. You just need to wait for this period,” Yahya said.