{"id":320809,"date":"2021-08-10T22:00:00","date_gmt":"2021-08-10T19:00:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/5g-blockchain-company-raises-111m-in-andreessen-led-token-sale\/"},"modified":"2021-08-10T22:00:00","modified_gmt":"2021-08-10T19:00:00","slug":"5g-blockchain-company-raises-111m-in-andreessen-led-token-sale","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/5g-blockchain-company-raises-111m-in-andreessen-led-token-sale\/","title":{"rendered":"# 5G blockchain company raises $111M in Andreessen-led token sale"},"content":{"rendered":"<p>&#8220;<strong># 5G blockchain company raises $111M in Andreessen-led token sale  <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDgvNTg4MTI5Y2ItMmYxOC00NGUwLWFkMDktMjk2YmNlMDFjY2VhLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-128018ef>Helium Inc., a provider of decentralized wireless infrastructure, has concluded a $111 million token sale led by some of the biggest venture firms in the blockchain industry.\u00a0<\/p>\n<p>The sale, which centered around Helium\u2019s native token, HNT, was scooped up by several venture capital firms, including Andreessen Horowitz. Alameda Research, Multicoin Capital and Ribbit Capital also contributed, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.bnnbloomberg.ca\/andreessen-backed-5g-blockchain-firm-helium-raises-111-million-1.1638679\">according<\/a> to BNN Bloomberg. <\/p>\n<p><a href=\"https:\/\/buradabiliyorum.com\/en\/category\/general\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"General\" target=\"_blank\" rel=\"noopener\">General<\/a> partner at Andreessen Horowitz Ali Yahya told Bloomberg that new cryptocurrency protocols like Helium will \u201cchallenge centralized incumbents\u201d and compete with bigger telecommunication service providers. <\/p>\n<p>Yahya tweeted Tuesday that his firm will work with Helium to <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/alive_eth\/status\/1425127370747375621\">create<\/a> a &#8220;grassroots telecom network&#8221; of the future.\u00a0<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">We&#8217;re beyond excited to announce that we&#8217;re partnering with <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/amirhaleem?ref_src=twsrc%5Etfw\">@amirhaleem<\/a> and the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/helium?ref_src=twsrc%5Etfw\">@helium<\/a> team to build a grassroots telecom network.<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/j5KY8BDecN\">https:\/\/t.co\/j5KY8BDecN<\/a><\/p>\n<p>\u2014 Ali Yahya (alive.eth) (@alive_eth) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/alive_eth\/status\/1425127370747375621?ref_src=twsrc%5Etfw\">August 10, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>The founder of Alameda Research, Sam Bankman-Fried, described Helium as a \u201ctremendous opportunity to bring 5G to the masses around the world and greatly enrich the quality of their lives.\u201d<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Smart cities are the future, but they might threaten privacy<\/em><\/strong><\/p>\n<p>Helium, which was founded in 2013 by Shawn Fanning, Amir Haleem and Sean Carey, is utilizing blockchain <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a> to create the world\u2019s first peer-to-peer wireless network. The company\u2019s mission is centered around building wireless infrastructure for the Internet of Things, which describes the new paradigm of connected devices. Since launching in North America, Helium has already expanded into Europe. <\/p>\n<p>The company plans to use the newly raised funds to continue building its decentralized 5G network and support mobile network operators as they expand coverage. <\/p>\n<p>Andreessen Horowitz has been behind some of the biggest fundraisers in crypto. In June, the venture capital firm announced a new innovation fund that would allocate $2.2 billion to promising blockchain and crypto plays. Andreessen\u2019s participation in crypto startups adds to the growing narrative around decentralized technologies and their role in disrupting decades-old industries. <\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Andreessen Horowitz launches biggest-ever crypto venture fund at $2.2B<\/em><\/strong><\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/5g-blockchain-company-raises-111m-in-andreessen-led-token-sale\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# 5G blockchain company raises $111M in Andreessen-led token sale &#8221; Helium Inc., a provider of decentralized wireless infrastructure, has concluded a $111 million token sale led by some of the biggest venture firms in the blockchain industry.\u00a0 The sale, which centered around Helium\u2019s native token, HNT, was scooped up by several venture capital firms,&#8230;<\/p>\n","protected":false},"author":1,"featured_media":320810,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDgvNTg4MTI5Y2ItMmYxOC00NGUwLWFkMDktMjk2YmNlMDFjY2VhLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[77473,75719,117,79289,71745],"class_list":["post-320809","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-andreessen-horowitz","tag-funding","tag-business","tag-internet-of-things","tag-venture-capital"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/320809","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=320809"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/320809\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/320810"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=320809"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=320809"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=320809"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}