Rally hires Patreon exec as CEO and raises $50M in token sale

Rally, a crypto platform for creators, has named former Patreon exec Bremner Morris as CEO, and the project has raised $50 million in a token sale conducted by its community.

The community, through governance proposals, raised the money through a sale of its native token, $RLY, and that means the community has raised a total of $108 million to date for its treasury.