Crypto Monitoring/ Helium Founders Raise $200M

in krsuccess •  3 years ago 


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Helium provides a unique use case for crypto tokens as a decentralized wireless network powered by token incentives—and the platform has surged in size over the last year. Now the founders and core contributors behind the network have raised significant new funding to keep building, albeit under a new name.

Today, Helium Inc. announced a $200 million Series D funding round performed at a pre-money valuation of $1 billion, bringing the firm’s updated valuation to $1.2 billion. The round was co-led by Tiger Global and Andreessen Horowitz’s a16z crypto fund.

The firm also announced it now will be known as Nova Labs, part of an effort to help alleviate confusion between the Helium decentralized network/project, the blockchain behind it, the Helium token (HNT), and the core team that started it all.

Along with the name change, Nova Labs has granted the Helium trademark to the Decentralized Wireless Alliance, which will be renamed The Helium Foundation. The Decentralized Wireless Alliance is the community-selected governing body behind Helium’s network, and it oversees things like network improvement proposals.


Remember that publications should not be interpreted as financial advice, you should always do your own research and analysis before investing.

Author: @imagen

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Un proyecto muy interesante dedicado a la minería de criptomonedas que se conectan con otras máquinas cercanas, sin duda una revolución tecnológica

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