Near Protocol, a relatively new layer 1 blockchain, announced on Wednesday that it secured a substantial $350 million in funding from top venture capitalists and investors. Combining the capital raised from its January funding round, Near Protocol has already raised half a billion dollars in just 2022 alone.
Led by popular VC firm Tiger Global, the round also included participation from Republic Capital, FTX Ventures, Hashed, Dragonfly Capital, ParaFi Capital, Blockchange Ventures, and MetaWeb.vc. The platform seeks to “accelerate the decentralization of the NEAR ecosystem,” per the press release issued today.
Similar to the Ethereum blockchain, Near Protocol offers smart contracts functionality with its own consensus mechanism called “Doomslug.” However, unlike Ethereum, the protocol has centered its operability around sharding, which distributes the network’s infrastructure to various nodes. The nodes, in turn, handle only a fraction of transactions occurring on the blockchain, thereby improving transaction throughput and cost-efficiency.
John Curtius, a partner at Tiger Global, said in the announcement post: “NEAR is poised to be a leading smart contract blockchain platform, combining first-rate technology with a fast-growing developer ecosystem. We’re excited to support NEAR as we ramp up our investments in the digital asset space.”
With the current market cap of $10.46 billion, the NEAR token ranks 19th in CoinMarketCap’s ranking of top cryptocurrencies. The token was trading at $15.78 with a 24-hour price shift of -5.24%.
# | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
1 | ![]() |
Bitcoin predictions | 61.2% | 79 | $28 532.89 | -0.14% | 3.93% | $551 670 149 541 | ||
---|---|---|---|---|---|---|---|---|---|---|
2 | ![]() |
Ethereum predictions | 68.8% | 61 | $1 824.10 | -0.20% | 4.92% | $219 727 600 320 | ||
3 | ![]() |
Tether predictions | 92.8% | 1 | $1.000316 | 0.02% | -0.05% | $79 719 012 525 | ||
4 | ![]() |
Binance Coin predictions | 74.4% | 55 | $315.64 | -0.57% | -2.11% | $49 835 690 238 | ||
5 | ![]() |
USD Coin predictions | 92.8% | 2 | $0.999876 | 0% | 0.01% | $32 523 408 102 | ||
6 | ![]() |
XRP predictions | 61.2% | 82 | $0.511375 | -5.49% | 14.38% | $26 426 923 668 | ||
7 | ![]() |
HEX predictions | 64.8% | 68 | $0.079733 | -11.69% | -4.21% | $13 826 597 050 | ||
8 | ![]() |
Cardano predictions | 76.8% | 41 | $0.395366 | -1.54% | 12.31% | $13 736 058 748 | ||
9 | ![]() |
Dogecoin predictions | 82% | 23 | $0.082097 | 6.31% | 11.45% | $11 392 170 316 | ||
10 | ![]() |
Lido stETH predictions | 91.2% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 | ||
11 | ![]() |
Polygon predictions | 84.8% | 26 | $1.12 | -0.51% | 3.83% | $10 126 762 079 | ||
12 | ![]() |
Solana predictions | 79.2% | 36 | $21.17 | -1.11% | 3.92% | $8 163 446 069 | ||
13 | ![]() |
Binance USD predictions | 93.2% | 1 | $0.999556 | -0.03% | -0.01% | $7 553 833 722 | ||
14 | ![]() |
Polkadot predictions | 83.6% | 28 | $6.34 | 0.07% | 7.60% | $7 432 742 823 | ||
15 | ![]() |
Litecoin predictions | 71.6% | 50 | $92.91 | 3.13% | 1.69% | $6 746 413 734 |
Get cryptocurrency price predictions, forecasts with analysis and news right to your inbox.
© 2015-2023 Crypto-Rating.com
The usage of this website constitutes acceptance of the following legal information. Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website, including information about the cryptocurrencies and bitcoin is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Crypto Rating shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about cryptocurrencies. The entire responsibility for the contents rests with the authors. Reprint of the materials is available only with the permission of the editorial staff.