Solana Raises $314.15 million in Private Token Sale

Solana Labs, the blockchain studio behind decentralized finance projects built on the Solana blockchain, has recently completed a private token sale led by Andreessen Horowitz and Polychain Capital.The sale closed with $314,159,265, a homage to the approximate value of Pi, a mathematical constant representing the ratio of a circle’s circumference to its diameter. The sale will be used as a primary resource for accelerating the deployment of market-ready decentralized applications and Web3 platforms focused on expanding the crypto space to its next billion users.