This article comes fromThe Blocksecondary title
Odaily Translator | Nian Yin Si Tang
Summary:
Summary:
- A statement from the company said the funding will help NEAR accelerate its overall mission of helping “billions of people” access decentralized technology.
- In the coming weeks, more venture capital investments in projects based on the NEAR protocol will be announced.
The blockchain project NEAR Protocol has completed a new round of financing of US$350 million, led by Tiger Global, with participation from Republic Capital, Hashed, FTX Ventures, and Dragonfly Capital.
The new financing will help NEAR increase its "number of regional hubs in major community centers around the world," according to a statement from the company.
John Curtius, partner at Tiger Global, said in a statement: “NEAR is committed to becoming the leading smart contract blockchain platform, combining best-in-class technology with a fast-growing developer ecosystem. We are pleased to support NEAR as we invest in
Founded in 2018, NEAR Protocol is an open-source platform for decentralized applications.In January of this year, NEAR ProtocolAnnounced successful completion of $150 million financing
, led by Three Arrows Capital, Mechanism Capital, Dragonfly Capital, a16z, Jump, Alameda, Zee Prime, Folius, Amber Group, 6th ManVentures, Circle Ventures, MetaWeb.vc (NEAR Ecological Fund), hedge fund giant Alan Howard, former ParaFi Capital partner Santiago Santos and Aave founder Stani Kulechov participated in the investment.
Accept The Block in Januarythe interviewthe interview
At the time, the foundation's CEO, Marieke Flament, said that one of NEAR's overall missions is to become the primary platform for building Web3 applications and make the entire ecosystem more inclusive.
April 2021, NEARroll outThe Rainbow Bridge allows ERC-20 tokens to be transferred between Ethereum and the NEAR blockchain. In June of the same year, NEARjoin inICON's Blockchain Transfer Protocol (BTP), which allows data to be sent to partners such as Polkadot and Harmony. In November, NEAR also partnered with Ardanacooperatecooperate
A bridge was created allowing assets to flow between Cardano and NEAR.
The company said it will announce more venture capital investments in NEAR protocol-based projects in the coming weeks, with a focus on NEAR- and Aurora-based DeFi projects and applications. Currently, there are approximately 300 applications running and built on NEAR, with over 200,000 community members worldwide.It is worth mentioning that just recently, Orange DAO, a cryptocurrency organization created by Y Combinator alumni to support Web3 startups, announced that it has selected NEAR as its preferred Layer 1 blockchain.NEAR Foundation to Invest $15 Million in Orange DAO
, to support founders of Web3 companies building on the NEAR blockchain.
It is understood that Orange DAO is a venture capital DAO organization created by more than a thousand Y Combinator alumni to identify and support encryption startups that are currently building the future of the Web3 ecosystem.
