This article is the last update about the Sophon Node Sale.
NODE SALE CLOSES: MONDAY 13TH MAY 2024.
OVER $60M RAISED IN NODE SALE.
ENTIRETY GOES INTO ECOSYSTEM FUND.
NETWORK LAUNCH SCHEDULED: Q3.
Out of the $60 million investment, around $45 million came from private investors and about $15 million from retail investors, said Seb (source). Node sale involves selling node licenses, and it is a relatively new way of raising money. Earlier this year, the DePIN project Aethir raised around $100 million via node sales.
Sophon expects to launch its network in the coming months. When it launches, there will be a single centralized sequencer, and node license holders will be able to delegate their licenses to Sophon and earn their share of network fees, the startup said (source).
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