BlockBeats News, May 27th, according to TheBlock, Sonar, a well-known ICO platform founded by investor Cobie, officially launched its first project Plasma, seeking to raise $50 million. Plasma co-founder Paul Faecks stated that 10% of the XPL tokens will be publicly issued this time, with a fundraising target of $50 million, corresponding to a total token valuation of $5 billion.
BlockBeats previously reported that the stablecoin project Plasma announced a strategic investment from Peter Thiel's Founders Fund, with the specific amount undisclosed. Peter Thiel is one of Plasma's earliest angel investors. This investment will help Plasma expand its team, grow its ecosystem, and accelerate adoption in key regions from Latin America to the Middle East and beyond.
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