Polychain was one of the two venture capital (VC) firms involved in Tezos' initial coin offering (ICO). Paradigm was the other VC firm that participated in the ICO. Tezos is a decentralized blockchain platform that enables its users to create, deploy, and manage smart contracts and decentralized applications. The ICO was a success, raising over $232 million, and the funds raised were used to develop the platform. The funds raised were also used to pay the developers and to support the marketing and promotion of the platform. The two venture capital firms have been instrumental in the development of Tezos and have helped to ensure its success.
