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The NEAR Protocol Blockchain Raises $150 Million For its Web 3.0

The NEAR Protocol Blockchain Raises $150 Million For its Web 3.0

The NEAR Protocol crypto is making a lot of noise right now! First of all, its price has been performing very well since the end of 2021. Then, it is an innovative project that should strongly compete with Ethereum in 2022. Recently, the foundation has also announced that it has succeeded in raising 150 million dollars in funds for its development!

NEAR Protocol

NEAR Protocol is one of the (rare) cryptos in shape since the end of 2021. So far NEAR Protocol has now entered the world's top 20! On Thursday January 13, 2022, the foundation responsible for developing the NEAR Protocol ecosystem announced that it had successfully raised $150 million!

Another Successful Fundraiser For Blockchain NEAR Protocol

NEAR Protocol is used to fundraising! Indeed, since its inception, the foundation has managed to raise more than $65.9 million. But yesterday, the foundation announced that it had raised $150 million to boost the development of its web 3.0! The following investors participated in the financing: Three Arrows Capital, Mechanism Capital, Dragonfly Capital, Jump, Zee Prime, Folius, etc.

“We look forward to supporting the NEAR team and its ecosystem in their blockchain application development. Kyle Davies, co-founder of Three Arrows Capital

The purpose of this fundraiser is "to accelerate the mass adoption of Web 3.0" according to the statements of the foundation. This fundraiser follows various actions implemented by NEAR Protocol to encourage developers to come to their blockchain. Thus, the company recently announced that it would release 800 million dollars to support and encourage developers to integrate the NEAR Protocol ecosystem. In addition, NEAR Protocol is preparing its Bootcamp, an internship intended to train developers.

What is the NEAR Protocol Blockchain and its NEAR Token?

The NEAR Protocol blockchain is a competitor of Ethereum in the sense that it allows the development of decentralized applications. The main feature of NEAR Protocol is sharding. This technique makes it possible to divide the main blockchain into sub-blockchains which allows great scalability.

With its sharding, NEAR Protocol envisages a scalability of 100,000 TPS in the long term. According to the company's roadmap, the NEAR Protocol ecosystem should fully implement sharding by the end of 2022.

The native token of this blockchain is the NEAR. Currently, the price of NEAR token is $17.2. The price of the NEAR crypto is up by more than 25% over the last 7 days. This makes NEAR Protocol the best performing token among the global top 20. Its capitalization is estimated at more than 1.5 Billion Dollars, which ranks the NEAR Protocol 16th in the crypto world.