NFT marketplace LimeWire completes $17.75 million token financing, tokens will be available for redemption on May 15

2023-05-11 20:48:03

Collection

ChainCatcher news, the NFT market LimeWire announced that the LMWR token sale has ended, raising $17.75 million through the token sale. The remaining tokens will be burned, and the claims process list will be announced on May 16. LimeWire will reveal the final number of tokens sold and details of the burn event in the next 2 days.

According to the crypto data platform RootData, LimeWire announced last April that it raised over $10 million through a private token sale, led by Kraken Ventures, Arrington Capital, and GSR. Other participants included Crypto.com Capital, CMCC Global, Hivemind, Hard Yaka, Red Beard Ventures, FiveT, 720Mau5 (the fund behind Canadian music producer Deadmau5), and DAO Jones. LimeWire will use these funds to expand its team and grow partnerships, among other things. (Source link)

Related tags

LimeWire LMWR

ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.