A privacy-focused blockchain infrastructure project just wrapped up a massive funding round—pulling in more than $60M worth of ETH through what they're calling a "community-first" token sale. What makes this interesting? They're experimenting with a fresh auction format that flips the usual VC-dominated playbook. Instead of locking allocations behind closed doors, the team opened up the sale to everyday participants, letting the community grab tokens before institutions could swoop in. It's a bold test of whether decentralized fundraising can actually work at scale without relying on traditional gatekeepers. If this model catches on, we might see more projects ditching the old-school private round approach.