Source: CNBC
Summary
SoftBank’s CEO Masayoshi Son is reportedly close to a deal to invest in an Ethereum scaling project. The potential deal highlights a growing trend of complex, multi-stage funding rounds that mask true entry prices. The project aims to improve Ethereum’s scalability. The investment amount and terms are not disclosed.
Our Reading
The launch follows a familiar script.
SoftBank’s Masayoshi Son is investing in an Ethereum scaling project, because that’s exactly what the world needs, another Ethereum scaling project. The deal is complex, with multiple stages, because who needs transparency in funding rounds? The project aims to improve Ethereum’s scalability, a problem that’s been solved a few times already. This is just another iteration of the same idea. The true innovation here is in the complexity of the funding round.
Author: Evan Null
