New ICO High

Filecoin – a data storage network intending to use blockchain technology (!) – today officially completed its initial coin offering (ICO), raising more than $257 million over a month of activity with $205MM coming from the ICO. $52MM had been sold ahead of the ICO to VCs – likely at a discount.

Filecoin clients can tune their storage strategy to suit their needs, creating a custom balance between redundancy, speed of retrieval, and cost. The worldwide Filecoin storage and retrieval markets make vendors compete to give you flexible options at the best prices.

What is an initial coin offering?