On May 27, the ICO platform Sonar, owned by the well-known investor Cobie, officially launched its first project Plasma, seeking to raise $50 million. Paul Faecks, co-founder of Plasma, stated that they will publicly issue 10% of XPL tokens, with a planned fundraising of $50 million, corresponding to a total token valuation of $500 million.
BlockBeats previously reported that the stablecoin project Plasma announced strategic investment from Founders Fund, owned by Peter Thiel, with the specific amount yet to be disclosed. Peter Thiel is one of the earliest angel investors in Plasma. This investment will help Plasma expand its team, extend its ecosystem, and accelerate adoption in key regions from Latin America to the Middle East and other areas.
