NEAR Protocol raised $150 in funding from high-profile industry investors such as Alameda Research, Andreessen Horowitz, and Three Arrows Capital.
NEAR protocol has managed to close substantial funding round from top cryptocurrency investors in preparation for a further DeFi-oriented advance.
NEAR Protocol has closed $150 million in funding from high-profile investors, reported CoinDesk.
Some of the names include Alameda Research, Su Zhu’s Three Arrows Capital, Dragonfly Capital, Andreessen Horowitz (a16z), and others.
The funding reportedly happened through a private token sale. It was completed in two weeks which is indicative of the high interest in the protocol.
Speaking on the matter was Ashwin Ramachandran – a General Partner at Dragonfly, who said:
Near has done a great job from a technology standpoint, and we want to help them achieve a level of developer, user, ecosystem adoption which reflects their current level of technology innovation.
The price at which the token sale happened was not disclosed.
Yet, after news broke out, NEAR’s price skyrocketed, and it currently eyes $20.
Georgi Georgiev is CryptoPotato's editor-in-chief and seasoned writer with over four years of experience writing about blockchain and cryptocurrencies. Georgi's passion for Bitcoin and cryptocurrencies bloomed in late 2016 and he hasn't looked back since. Crypto’s technological and economic implications are what interest him most, and he has one eye turned to the market whenever he’s not sleeping. Contact George: LinkedIn
