Electra Protocol is an open source project, like the majority of other layer-1 blockchains. In contrast to those, Electra Protocol did not perform a public funding through initial coin offering, initial exchange offering, initial dex offering, venture capital, or other types of public funding (like Bitcoin). The main reason for not raising external money is that Electra Protocol wants to become credibly neutral public infrastructure. As a side effect of being publicly “unfunded”, Electra Protocol might not be regulated as it did not publicly raise funds from investors. All its innovations are driven by volunteers from around the world.