Sonar, an ICO platform, has officially launched, with its first project Plasma raising $50 million in funding

BlockBeats News: On May 27th, Sonar, an ICO platform under well-known investor Cobie, officially launched its first project Plasma, seeking $50 million in funding. Paul Faecks, co-founder of Plasma, announced that 10% of XPL tokens will be publicly issued this time, with plans to raise $50 million, corresponding to a total token valuation of $500 million. BlockBeats previously reported that stablecoin project Plasma announced a strategic investment from Peter Thiel's Founders Fund, but the specific amount has not been disclosed yet. Peter Thiel was one of the earliest angel investors in Plasma. This investment will help Plasma expand its team, expand its ecosystem, and accelerate adoption in key regions from Latin America to the Middle East and beyond.