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Funding
Optimism sells OP tokens worth USD 89 million in a private sale to an undisclosed buyer
Web3 Ecosystem
Mar 8, 2024
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Web3 Ecosystem

Web3 Ecosystem

Mar 8, 2024

Optimism sells OP tokens worth USD 89 million in a private sale to an undisclosed buyer

Funding

  • Optimism, an Ethereum-focused layer-2 scaling solution, has sold approximately 19.5 million OP tokens, worth USD 89 million, in a private sale to an undisclosed buyer.

  • The sold tokens are from an unallocated portion of the OP Token treasury set aside for working capital and have a two-year vesting period.

  • The buyer can delegate the tokens to unaffiliated third parties for participation in governance decisions, giving the same benefits as an unvested holder.

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