Walrus: Huge funding in preparation for the main launch
Walrus Protocol successfully raised 140 million dollars from the sale of WAL tokens before the mainnet launch.
This funding was led by Standard Crypto with participation from major investors such as a16z Crypto, Electric Capital, and Franklin Templeton Digital Assets, reflecting a strong confidence in the project in one of the largest current Web3 areas: large-scale decentralized storage.
The importance of this step:
Strong funding provides resources to build higher applications and services on the protocol.
Walrus helps capitalize on the increasing demand for data storage, especially with the expansion of artificial intelligence applications and large storage requirements.
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