Blockchain data storage network Filecoin has completed its ICO, raising more than $257m.Â
The ICO was closed with approximately $205.8m, added to the $52m raised during the presale from investors such asÂ Sequoia Capital, Andreessen Horowitz and Union Square Ventures.
The company offers a decentralised storage network powered by a blockchain and a native token.
The currency will be traded on a number of exchanges and supported by multiple cryptocurrency wallets.
Filecoin raised $120,000 three years ago in seed funding from investors including Digital Currency Group, Haystack and Winklevoss Capital.
Copyright FinTech Global 2017