Mina Protocol Attracts $92M From Three Arrows Capital and FTX Through Token Sales

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The Mina Protocol project has raised $92 million through strategic and private sales of the MINA token. The round has been led by Three Arrows Capital and FTX’s venture arm.

Other participants in the fundraising include Amber Group, Blockchain.com, Circle Ventures, Finality Capital Partners, Pantera and other investors, including current ones.

According to the statement made by the project:

“The funds will be used to accelerate the adoption of Mina as the leading zero-knowledge platform in Web 3.0 by attracting world-class developers.”

The Mina Protocol launched in March last year a privacy-focused blockchain using zk-SNARKs. One of the features of the network is its lightweight structure: only 22 KB is needed to store a complete copy of the blockchain.