Second chance saloon: How Algorand raised $200 million after its token tanked

Second chance saloon: How Algorand raised $200 million after its token tanked

UPDATE: The article has been corrected to clarify that there was only one auction, not two, and that this auction was conducted by the Algorand foundation.] Algorand, the feted project of Silvio Micali, a professor at MIT and a recipient of the Alan Turing award, officially launched its mainnet in late June after raising $66 million in funding.