{"id":23317,"date":"2022-04-06T14:18:01","date_gmt":"2022-04-06T13:18:01","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=23317"},"modified":"2022-04-06T14:18:08","modified_gmt":"2022-04-06T13:18:08","slug":"near-protocol-announces-350m-fund-raise","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/near-protocol-announces-350m-fund-raise\/","title":{"rendered":"Near Protocol Announces $350M Fund Raise"},"content":{"rendered":"\n
Near Protocol<\/a> raised $350 million in a funding round led by hedge fund Tiger Global on Wednesday in order to “accelerate the decentralization of the NEAR ecosystem.”<\/h5>\n\n\n\n

<\/p>\n\n\n\n

\"Near
Near Protocol Announces $350M Fund Raise<\/figcaption><\/figure><\/div>\n\n\n\n

The company disclosed a $150 million funding round less than three months ago, and this round comes less than three months later.<\/p>\n\n\n\n

The price of the NEAR token began to rise in response to the announcement, and it is currently trading at $15.82 as of press time.
Republic Capital, FTX Ventures, Hashed, and Dragonfly Capital were among the fresh round's crypto-native investors.<\/p>\n\n\n\n

Tiger Global, based in New York, has a growing footprint in crypto investments\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>, having funded funding rounds for blockchain infrastructure platform Blockdaemon, crypto exchange FTX, payment processor Moonpay, and blockchain intelligence provider TRM Labs, among others.<\/p>\n\n\n\n

The company has worked on providing a user-friendly environment for developers of decentralized applications since its mainnet launch in October 2020. (dapps). The lightning-fast proof-of-stake blockchain is intended to be a replacement for Ethereum, which suffers from scalability concerns that can cause transaction fees to skyrocket.<\/p>\n\n\n\n


The Near ecosystem, which is becoming increasingly cash-rich, has helped blockchain-based companies. The company's Aurora funded $12 million last October in order to offer Ethereum Virtual Machine compatibility to the network.<\/p>\n","protected":false},"excerpt":{"rendered":"

Near Protocol raised $350 million in a funding round led by hedge fund Tiger Global on Wednesday in order to “accelerate the decentralization of the NEAR ecosystem.” The company disclosed a $150 million funding round less than three months ago, and this round comes less than three months later. The price of the NEAR token […]<\/p>\n","protected":false},"author":36,"featured_media":23320,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[26,21],"tags":[8717,8715,8716],"class_list":["post-23317","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrencies","category-news","tag-fund-2","tag-near-2","tag-protocol"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/04\/Near-Protocol.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/23317","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/36"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=23317"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/23317\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/23320"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=23317"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=23317"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=23317"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}