Polkadot’s sale of 500,000 tokens closes ‘successfully,’ foundation says in nod of confidence to $1.2B valuation

The latest Polkadot token sale has distributed 500,000 DOTs at a "successful" value, the protocol's managing partner Web3 Foundation (W3F) has told The Block.

Although the foundation did not specify how much it had raised, the sale is said to be on track with the protocol's $1.2 billion valuation reported by the WSJ earlier this year. The latest round saw the foundation liquidate and sell 5% of the total token supply, meaning Polkadot's managing team would have expected to raise $60 million, although it did not confirm the figure.

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