A virtual reality project built on top of blockchain technology has raised over $26 million in ether via an initial coin offering (ICO).
Kicking off yesterday afternoon, the ICO raised 86,206 ether ($26,203,082 at press time), according to the Decentraland website, and hit its pre-set hard cap in a little over an hour.
Decentraland's ICO is the latest in a string of such crowdsales, as illustrated by data from CoinDesk's ICO Tracker, that have raised more than a billion dollars-worth of cryptocurrency to date. More than $500 million was raised in July alone through the funding model.
Also completed this week, was an ICO held by 0x, a decentralized exchange project, which raised $24 million.
Disclosure: CoinDesk is a subsidiary of Digital Currency Group, which has an ownership stake in Brave.
VR set image via Shutterstock
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