According to CoinDesk, the blockchain project Polkadot of Ethereum co-founder Gavin Wood may not be able to reach a $1.2 billion valuation. Since January, the Swiss non-profit organization Web3 Foundation behind the project has been trying to raise up to $60 million in private token sales. According to people familiar with the matter, the three Chinese funds have agreed to invest $15 million in the DOT tokens for the project. However, sources said that the three investors agreed to pay the price will make the project's valuation below $1 billion, lower than the unicorn threshold that Polkadot is seeking. It is unclear how many tokens these three funds have purchased, or how many investors are involved, but there is news that Polkadot can only sell 70% of the expected sales of 500,000 DOTs.