Blockchain Bites: Coinbase’s Card, Avanti’s Approval, FTX’s Fractional Stocks
The Graph, a data-indexing protocol used by many popular decentralized finance (DeFi) applications, has raised $12 million in a public sale of its native GRT token, CoinDesk’s Zack Seward reports. The firm previously raised $5 million in a private token sale involving Coinbase Ventures and a $2.5 million seed round led by Multicoin Capital.
Halfway through the past year Ava Labs’s Avalanche blockchain raised roughly $42 million in a public token sale. The Graph is the latest project to join the trend of high-value public token sales to close this year.