Exclusive: Walrus Foundation raises $140 million from Standard Crypto and a16z for a high speed storage network

Quick Summary:

The foundation supports the Walrus protocol, a decentralized network for storing files.

The $140 million sale came together only in the past three weeks, Evan Cheng, cofounder and CEO, told Fortune.“There's just a lot of demand,” he said.

Other top investors who bought allocations of the yet-to-be-launched cryptocurrency include Andreessen Horowitz's crypto arm, Electric Capital, and Franklin Templeton Digital Assets.

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Article Details

Author / Journalist: Ben Weiss

Category: EconomyBusiness

Markets: United States

Topics: Blockchain Cryptocurrency

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-20 @ 14:00:00 (1 days ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 396 words

Reading Time: 3 minutes read

Sentences: 5 lines

Sentence Length: 80 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 27192119

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About Fortune

Main Topics: EconomyBusiness

Official Website: fortune.com

Update Frequency: 47 posts per day

Year Established: 1929

Headquarters: United States

News Last Updated: 11 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #95

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