RATE Group | Ethereum co-founder Gavin Wood’s Polkadot comes to China · TechNode
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Ethereum co-founder Gavin Wood’s Polkadot comes to China · TechNode

24 Jul Ethereum co-founder Gavin Wood’s Polkadot comes to China · TechNode

Posted at 21:22h in Ethereum News by

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4 min read

Gavin Wood, founder of Web3 Foundation and co-founder of Ethereum. (Image credit: Web3Foundation)

Polkadot, a blockchain network protocol led by the co-founder and former CTO of Ethereum Gavin Wood, has gained a lot of spotlight around the world among the developer and blockchain communities, especially in China.

Web3 Foundation, a company also started by Wood that commissioned the teams to build Polkadot, recently closed on a private sale of tokens to fund the development of the project. The project aims to build a platform that allows other blockchains to interact and interoperate. The new capital bumped Polkadot’s valuation to a whopping $1.2 billion, although Web3 Foundation did not reveal the full list of the companies that participated in the latest round of funding, Wood said the project has received “fairly substantial” backing from Chinese funds.

The enthusiasm is reciprocated. In an interview with TechNode, Wood said China is one of the most important…

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