Crypto Start-up Sees Massive Windfall

A Cayman Islands-based cryptocurrency startup is set to raise $4 billion after a year-long sale — the largest initial coin offering ever. block.one has attracted huge investments by those looking to capitalize on the potential for blockchain technology to “reshape the architecture of the online world, ushering in an internet 3.0,” reports The Wall Street Journal. The little-known company is in a battle with competitors like Ethereum for their technology to dominate the burgeoning field. And yet, The Journal says, it is still unclear how the company will use the money it has raised. • Read the report below and let us know what you think of block.one and the race to dominate blockchain technology.

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