"Terra is a blockchain network created to make global payments, a platform used for algorithmic stablecoins. Terra blockchain is developed to enable the next generation of Web3 products and services. It is permissionless and borderless which means that the next-generation services can be accessed by anyone around the world.
This project was created by Terraform Labs, a start-up that was founded by Do Kwon and Daniel Shin in the year 2018. In funding Terra raised a total of $58M over 15 rounds, the most recent funding was raised from a series C round on Dec 1, 2021, from a series C round. "