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3232Intangible Labs Raises $133M to Build a New Stablecoin
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Fri, 20 Apr 2018 13:00:40 +0000https://www.digit.info/2018/04/20/intangible-labs-raises-133m-to-build-a-new-stablecoin/Read more]]>It does not happen all that often that cryptocurrency projects quickly raise over $100 million. Although we have seen a literal ICO craze, Intangible Labs is doing things the traditional way. Rather than rely on crowdfunding, the company has raised $133 million from private investors. This is a pretty significant deal for the Princeton University graduate-led venture. What Exactly is Intangible Labs? While it is commendable to see Princeton graduates show a keen interest in cryptocurrency, most people will not know the name Intangible Labs. That is not surprising, as not too much is known about this particular venture at this time.
It does not happen all that often that cryptocurrency projects quickly raise over $100 million. Although we have seen a literal ICO craze, Intangible Labs is doing things the traditional way. Rather than rely on crowdfunding, the company has raised $133 million from private investors. This is a pretty significant deal for the Princeton University graduate-led venture. What Exactly is Intangible Labs? While it is commendable to see Princeton graduates show a keen interest in cryptocurrency, most people will not know the name Intangible Labs. That is not surprising, as not too much is known about this particular venture at this time.