Polychain is leading a new funding round for Network School, with a valuation of $2 billion.

October 9: Olaf Carlson-Wee, founder and CEO of Polychain Capital, announced at the Network State conference that Polychain is leading a new funding round 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. The specific funding amount was not disclosed.

Olaf stated that Polychain's investment strategy is not solely focused on incremental improvements, but on seeking projects that utilize new business models or new technologies to solve problems in different ways. He expressed enthusiasm for participating in Network School's funding and mentioned that he has known and collaborated with Balaji for over a decade.