/Near Protocol raises USD 150 million to promote the adoption of Web 3.0
Near Protocol raises USD 150 million to promote the adoption of Web 3.0

Near Protocol raises USD 150 million to promote the adoption of Web 3.0

Ethereum competitor Near Protocol raised funds for Web3 adoption, with Three Arrows Capital and Andreessen Horowitz supporting the PoS blockchain.

22 Total Views

4 Total number of shares

Near Protocol recauda USD 150 millones para promover la adopción de la Web 3.0

Near Protocol, a proof-of-stake blockchain network, has raised $150 million in seed investments to accelerate the adoption of Web 3.0 technologies . The team announced that the fund would be used to develop regional hubs and spread awareness of decentralized and blockchain technology.

Near Protocol’s goal is to use the new funds to encourage the adoption of Web 3.0. According to the announcement, the capital injection will be used to “help billions of people learn and use Blockchain technology.” With this, projects based on the Near blockchain will have the opportunity to connect with new audiences.

      Citadel Securities receives an investment of USD 1,150 million Sequoia and Paradigm

    Round investment was led by hedge fund Three Arrows Capital, with additional participation from Mechanism Capital, Dragonfly Capital, a16z, Jump, Alameda , Zee Prime, Folius, Amber Group, 6th Man Ventures and Circle Ventures. MetaWeb.VC, Near’s ecosystem fund, also participated in the seed funding round. In addition, angel investors Alan Howard, Santiago Santos and Aave founder Stani Kulechov joined the financing.

      “We are excited to support the NEAR team and ecosystem as blockchain applications scale”, said Kyle Davies, co-founder and president of Three Arrows Capital.

      For his part, Amos Zhang , founder of MetaWeb.VC, expressed his support saying Near Protocol technologies are great for fostering blockchain adoption. “NEAR is best suited for powering blockchain-based applications for mass adoption”,

        said Zhang.

      • Binance Labs supports the Oasis Ecosystem Fund USD 200 million
      • In mid-2021, Near allocated $800 million to new initiatives to fund the acceleration of decentralized finance, while pointing to evidence that the DeFi market it is still in its early stages. The goal is to encourage developers by adding incentives to create envelopes on the Near blockchain.

        Late last year, Near also partnered with Cardano-based stablecoin hub Ardana. The goal of the collaboration is to create a bridging infrastructure that allows users to transfer Near assets to their proof-of-stake colleague, Cardano. With this, Near tokens will also serve as collateral on the Ardana platform to mint stablecoins.

        Keep reading:

        • Citadel Securities receives a USD 1.15 billion investment from Sequoia and Paradigm
          • Binance Labs backs the $200M Oasis Ecosystem Fund

            • The Human Rights Foundation will award 425 million satoshis as part of their Bitcoin Development Fund

              Fight for Web 3.0: The war of the he digital wallets is the new browser war

                ‘You don’t own Web 3.0,’ says Jack Dorsey

                  The three features of Web 3.0 that solve what has failed in the current Internet

                    This is how an algorithmic indicator anticipated multiple phases of FXS’s prolonged rally

Follow us on Telegram and Google News to receive all the news instantly

Read More