Linera shuts down: token sale misses minimum, funds returned
- —The Sonar raise brought in about $900,000 against a $1.5 million minimum
- —An earlier LNRA round raised $848,300 USDC instead of the $1.5 million target
- —All participant contributions were fully refunded
- —An emergency round to fund the project until mainnet did not materialize
Why it matters: Another failed public round for an L1 project shows the market is unwilling to fund new networks without a working product.
Source: PANews