Sequoia Jumps Into Token Plays With Investment in DeFi Project Parallel

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The spherical, which values the Polkadot-based protocol at $250 million, comes lower than two weeks after Sequoia pledged to restructure its investing playbook to, in half, extra aggressively courtroom crypto performs. Fellow enterprise capital large Andreessen Horowitz (a16z) did the identical in 2019; it now raises multibillion-dollar funds completely for crypto.