According to Odaily Planet Daily, Initia announced on the X platform that it had completed a $2.5 million community round of financing on the Echo platform in just two hours, with a token valuation of $250 million, a 28.57% reduction from the previous $350 million Series A valuation. Previously, Initia completed a $14 million Series A financing led by Theory Ventures. Despite the valuation cut, this rapid financing shows the community's strong support and confidence in the Initia project. 💪

Against the backdrop of increasingly stringent global blockchain regulation, Initia's successful financing has injected a shot in the arm for the market. Although the overall market is volatile, Bitcoin remains strong and continues to attract investors' attention. 🚀