Three Arrows Capital, Jump Capital back $40M Neon Labs token sale
Venture capital continues to flood the cryptocurrency market, with Neon Labs securing a considerable fundraise via its NEON token sale. Decentralized finance development firm Neon Labs has concluded a $40-million private token sale as part of its ongoing efforts to create an Ethereum-compatible environment on the Solana blockchain, underscoring heightened investor demand for scalability and liquidity solutions in the rapidly growing decentralized finance market.The private sale of NEON tokens was led by Jump Capital, a Chicago-based venture firm, with additional participation from Shu Zu’s....
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