NEAR Foundation raises $150M to accelerate web3 mass adoption

NEAR Foundation raises _150M to accelerate web3 mass adoption-01

The NEAR Foundation has raised $ 150 million in new funding to accelerate its goal of helping billions of people learn and use blockchain technology and split the heart of a fast-moving web3.

Other participants were Mechanism Capital, Dragonfly Capital, a16z, Jump, Alameda, Zee Prime, Folius, Amber Group, 6th Man Ventures, Circle Ventures and MetaWeb.vc.

Including a new round, NEAR has collected $ 162 million in business finance to date, according to data from Crunchbase. The foundation also raised additional funds for the sale of tokens.

Launched in 2018, NEAR offers the NEAR Protocol, an expandable blockchain designed to provide the functionality and user information needed to close a gap in common acceptance of internationally distributed applications. The basic blockchain is built from the ground up for both developers and end users, while still providing benchmarks.

Read More: https://siliconangle.com/2022/01/13/near-foundation-raises-150m-accelerate-web3-mass-adoption/

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