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Three Arrows Capital, Jump Capital back $40M Neon Labs token sale
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DeFi development firm Neon Labs has concluded a $40 million private token sale as part of its ongoing efforts to create an Ethereum-compatible environment on Solana, underscoring heightened investor demand for scalability and liquidity solutions in the rapidly growing decentralized finance market.
The private sale of NEON tokens was led by Jump Capital, a Chicago-based venture firm, with additional participation from Shu Zu’s Three Arrows Capital, Solana Capital, Rockaway Blockchain Fund,
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