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Foresight News reported that Momentum has announced the MMT allocation and unlocking plan. Of the total, 42.7% is allocated to community growth, 24.8% to investors, 18% to the team, 13% to the ecosystem, and 1.5% to the public sale. At TGE, approximately 204 million tokens (20.41%) will be unlocked. The public sale portion will be 100% unlocked immediately with no lock-up period; 9% of the ecosystem share will be unlocked at TGE, with the remaining portion unlocked after 24 months; 9.91% of the community growth share will be unlocked at TGE, with the remaining portion subject to a 60-month (5-year) vesting period; the investor share will be fully locked at TGE, with a 12-month lock-up period followed by linear unlocking over 48 months; the team’s share will be fully locked for 48 months (4 years).

Foresight News reported, according to Techcrunch, that Sequoia Capital announced on Monday the launch of two new funds, with sizes nearly equivalent to those launched about three years ago: a $750 million early-stage fund targeting Series A startups, and a $200 million seed fund. Sequoia Capital intends to return to its core mission: investing in promising founders at the very earliest stages of company formation. As valuations for artificial intelligence startups soar, Sequoia Capital hopes to leverage the new funds to invest in the most promising founders at the outset of their entrepreneurial journey.