Near protocol, a smart-contract enabled layer 1 blockchain, has bagged US$350 million in a funding round led by Tiger Global.
See related article: Polkadot is top crypto held by VCs and hedge funds in Q4 2021
Fast facts
- FTX Ventures, Republic Capital, Hashed, and Dragonfly Capital participated in the funding round led by Tiger Global.
- Since launching in 2020, the sharded blockchain, which refers to splitting the main blockchain into smaller parts, claims to have processed over 110 million transactions from more than 5 million accounts.
- The latest funding round adds to the US$150 million raised in January.
- Barring Bitcoin and Ether, Near protocol’s native cryptocurrency NEAR was the third most commonly held token among venture capital firms and hedge funds in Q4 of 2022, according to Messari.
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