Initia completes $2.5 million community round financing on the Echo platform

Initia announced on platform X that it completed a $2.5 million community round of financing on the Echo platform in less than two hours. This financing was conducted at a token valuation of $250 million, which represents a 28.57% decrease from its $350 million Series A valuation.

It is reported that Initia has completed $14 million in Series A financing, led by Theory Ventures.