Calimero Network has raised $8.5 million in a seed round co-led by Khosla Ventures, Lyrik Ventures, and NEAR Foundation.
In a seed round that was jointly led by Khosla Ventures, Lyrik Ventures, and NEAR Foundation, Calimero Network secured $8.5 million. The money will be used to create NEAR protocol private sharding solutions.
Calimero Network, a blockchain infrastructure provider, has received $8.5 million in seed funding. The company claims to use cutting-edge privacy and permissioning techniques to create private, adaptable shards for businesses.
According to a tweet from the team, Khosla Ventures, Lyrik Ventures, and NEAR Foundation co-led the investment round. The funds raised will be put to use in the creation of NEAR protocol private sharding solutions.
Calimero, which runs on the NEAR protocol, allows customers the option of quickly deploying ready-to-use solutions from its marketplace or creating custom decentralized applications from scratch.
Additionally, without compromising privacy, the platform enables users to instantly connect to both public and private Web3 apps including NFTs, DeFi, and more.
Web3 startups raised more than $7 billion in funding last year, and this pattern has continued in 2023 despite the severe crypto winter. On January 20, news broke that web3 firm Obligate (formerly FQX) had raised $8.5 million from Circle Ventures and others to create a brand-new platform for corporate bond issuance based on the blockchain.
According to CoinMarketCap, the native NEAR token of the NEAR Protocol has a market capitalization of $2.19 billion at the time of writing, trading at about $2.58, an increase of over 20% over the previous seven days.
