Initia has announced on the X platform that it successfully completed a community funding round, raising $2.5 million in less than two hours on the Echo platform. This funding round was conducted at a token valuation of $250 million, reflecting a 28.57% drop from its previous Series A valuation of $350 million.

In its earlier Series A funding, Initia secured $14 million with significant backing from Theory Ventures. The swift completion of this latest community round illustrates the ongoing enthusiasm and support from investors, even in light of the adjusted valuation. This robust response indicates strong community confidence in Initia’s potential and vision, highlighting the importance of community-driven investment in the current market landscape.