Initia Secures $2.5 Million Community Round Funding In Under Two Hours

According to Odaily, Initia announced on the X platform that it has successfully completed a $2.5 million community round of funding on the Echo platform in less than two hours. This funding round was conducted at a token valuation of $250 million, which represents a 28.57% decrease from its previous Series A valuation of $350 million. Previously, Initia had completed a Series A funding round, raising $14 million with Theory Ventures leading the investment. This recent community round highlights the continued interest and support from the community despite the adjusted valuation.