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/biz/ - Business & Finance


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19445885 No.19445885[DELETED]  [Reply] [Original]

Arweave is backed by the biggest and the most successful VC in Silicon Valley; Andreessen Horowitz. Here is the crazy part. Andreessen Horowitz invested in Filecoin seed round but after they saw Arweave's product, they bought Arweave coins (yes coins, not an equity) on OTC market at an average of $1 per coin, when the ICO price was 0.72 USD, along with Coinbase Ventures and Union Square ventures, another top tier VCs that are super selective and pick only the best. Their POW algorithm has been audited by 4 independent security research firms and their GitHub repos have 250 stars. Over 150 apps have been deployed on the Arweave chain. It is around ICO at this time of writing.

https://medium.com/@arweave/arweave-announces-new-funding-from-andreessen-horowitz-usv-and-coinbase-ventures-30a1fde3d8c5

Do what you want from this info.

/shill

>> No.19446045

>>19445885
Still trying to figure out where does it say they sold the tokens at 1$ to VC’s

Care to comment?

>> No.19446119

>>19446045
https://youtu.be/2TJLYdc-Sq4?t=1305