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The NEAR Protocol team has completed a $350 million funding round led by venture capital fund Tiger Global, with participation from Republic Capital, Hashed, FTX Ventures, Dragonfly Capital
The NEAR Protocol team has completed a $350 million funding round led by venture capital fund Tiger Global, with participation from Republic Capital, Hashed, FTX Ventures, Dragonfly Capital and other investors. Reported by The Block.
Against the background of the investment round, the native token of the NEAR platform rose 9% to $16.8.
The funds raised will be used to increase the number of regional centers in key community centers around the world.
According to the team, there are nearly 300 apps running on the NEAR platform, with over 200,000 community members worldwide.
The amount of funds locked in the NEAR Protocol DeFi ecosystem has reached $312 million, according to DeFi Llama Ref Finance, the largest protocol-based project finance platform.
Recall that in January NEAR Protocol raised $150 million and then the price of NEAR renewed its historic peak of around $20.
That same month, the platform team introduced a new staking mechanism that allows validators to reward delegates with several different tokens.
Source: Fork Log
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