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Tezos (XTZ) was founded by Arthur Breitman and Kathleen Breitman, a couple with backgrounds in mathematics, computer science, and finance. The XTZ project began in 2014 as an effort to create a blockchain platform that could evolve and adapt without the need for contentious hard forks. In 2017, Tezos conducted one of the most successful initial coin offerings (ICOs) at the time, raising over $232 million.

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