The Infinite Machine

by Camila Russo

By the end of the sale, people behind those jumbled addresses had bought more than 60 million ether, which at around 30 cents per coin, amounted to $18.3 million. It was a huge success. There had been only five similar crowdsales done by cryptocurrency projects before Ethereum’s Genesis Sale and the second-largest raise had been by Maidsafe for $6 million. It was also a success compared with crowdsales in general. Seven months later, Mihai would publish a blog post that said, “according to Wikipedia, Ethereum is rated as the second-biggest crowdfunded project in the history of the internet—sitting proudly next to the first occupant that raised over $70 mil, but over the course of years, not 42 days.”