The funding round was led by Three Arrows Capital. Also invested in the project are Mechanism Capital, Dragonfly Capital, Andreessen Horowitz (a16z), Jump, Alameda, Zee Prime and Amber Group.
The Near Foundation, a non-profit organization, has announced that it has closed its funding round and has raised $ 150 million in investment, Coindesk reports. The round was led by Three Arrows Capital. Mechanism Capital, Dragonfly Capital, Andreessen Horowitz (a16z), Jump, Alameda, Zee Prime, Amber Group and other companies also invested in the project.
After the announcement of attracting $ 150 million in investments, the NEAR token updated its all-time high above $ 19.5. During the day, the altcoin rose in price by 8%, and its capitalization increased to $ 11.7 billion, according to CoinGecko.
The Near Foundation is developing the NEAR Protocol blockchain, which is designed to build decentralized applications (dApps). The platform works on the Proof-of-Stake consensus algorithm.
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