ChainCatcher news, Initia announced on platform X that it completed a $2.5 million community round of financing on the Echo platform in less than two hours. This financing was conducted at a token valuation of $250 million, which represents a 28.57% decrease from its $350 million Series A valuation.It is reported that Initia has completed $14 million in Series A financing, led by Theory Ventures.

ChainCatcher news, the Web3 membership community ARC Community co-founder icunucmi announced that ARC Community has completed over $4.5 million in community round financing. ARC is connecting influential figures among global Asian expatriates to collaboratively contribute ideas, resources, and networks for its pioneering social entrepreneurship studio.The long-term vision and common goal of ARC Community is to advance the development of the Web3 field in Asia through its social entrepreneurship studio, keeping its community at the forefront through collective value creation.

ChainCatcher news, according to the official announcement, the decentralized public network Nillion is launching a community round financing on CoinList, with the purchase period starting on June 19, 2024, at 17:00 (UTC) and ending on June 26 at 17:00 (UTC).The "community round" will adopt the same $400 million valuation as the Series A round and will offer the same (or higher) proportion of token supply as the Series A round. The community round has a public option and two different launch categories.