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Web3 Foundation director departs after closing the second Polkadot token sale

Web3 Foundation (W3F) director Ryan Zurrer has left the firm, as his work “has been completed” after the closing of the foundation’s second token sale for its Polkadot project, according to a company statement. 

W3F brought Zurrer on board in October 2017, immediately after its first Polkadot token sales of $144 million. The former venture capitalist was tasked to lead the second token sale, according to the statement.

In June, Polkadot conducted its second private sale under W3F’s management and distributed 500,000 DOTs at a “successful” value, said W3F to The Block. The project is said to be valued at $1.2 billion after this second sale. 

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