Polkadot successfully sold 500,000 tokens

According to the Web3 Foundation (W3F), Polkadot, the blockchain project of Ethereum co-founder Gavin Wood, has successfully sold 500,000 DOT tokens. Although the W3F did not specifically disclose the exact amount raised, it is reported that the sale is in line with the $1.2 billion valuation reported by the Wall Street Journal earlier this year. In the most recent round, Polkadot was informed that it sold 5% of the total token supply, which means that Polkadot's management team is expected to raise $60 million.