According to industry reports, Neo secured $4.6 million in seed funding on August 1, 2016, bringing its total funding to $9.1 million to date.Neo is an open-source, community-driven blockchain platform focused on building decentralized applications. The platform enables developers to digitize and automate asset management through smart contracts. In addition, Neo offers robust native infrastructure—including decentralized storage, oracle services, and domain name solutions—providing a solid foundation for the next generation of the internet.It is noteworthy that following the seed round, Neo raised an additional $4.5 million via an ICO in September 2016 and officially launched its mainnet on October 17, 2016. As a mature blockchain project, Neo continues to drive technological innovation and advance real-world adoption of blockchain technology. According to the project roadmap, the Neo Legacy mainnet is scheduled to shut down on October 31, 2025, marking a new phase in Neo’s development.Amid intensifying competition in blockchain infrastructure, Neo’s comprehensive technical architecture and active developer community have secured its significant position in decentralized application development, making substantial contributions to the adoption and advancement of blockchain technology.