Linera Community Sale Raises About $150,000, Far Below $3.2 Million Target

Layer1 blockchain Linera has raised about $150,000 since launching its community round public sale on September 1, with 172 addresses participating and a 95.2% shortfall versus its $3.2 million target. According to ChainCatcher, the round values the token at $160 million and will run for seven days. Linera previously raised a total of $12 million in 2022 and 2023 from investors including a16z, GSR, Tribe Capital, Flow Traders, and Laser Digital.