Polychain leads a new round of financing for Network School, with a valuation reaching 2 billion USD

Polychain Capital founder and CEO Olaf Carlson-Wee announced at the Network State conference that Polychain is leading a new round of financing for Network School, with a valuation of $2 billion. Andreessen Horowitz (a16z), Coinbase, and Balaji himself, among other institutions and individuals, participated in the investment, with the specific financing amount not disclosed.

Olaf stated that Polychain's investment strategy does not solely focus on incremental improvements but seeks projects that utilize new business models or technologies to solve problems in different ways. He expressed anticipation for participating in the financing of Network School and mentioned that he has known and collaborated with Balaji for over ten years.