NEAR Price Reaches New ATH Following A Major Fundraising Discovery.

NEAR Price Reaches New ATH Following A Major Fundraising Discovery.

2022-01-17 | Selina Mathew

NEAR Price Reaches New ATH Following A Major Fundraising Discovery.

Near Protocol (NEAR) has completed a further eye-popping funding shot as it prepares to launch its DeFi environment. The declaration pushed the NEAR price to fresh all-time highs.

The NEAR Foundation has raised $150 million in financing headed by Three Arrows Capital.

According to an earlier report, the NEAR Foundation, the organization driving the advancement of Near Protocol (NEAR) and related goods, has concluded its current strategic investment phase with $150 million collected.

Three Arrows Capital spearheaded the round, which included involvement from other giants such as Andreessen Horowitz, Alameda Research, Dragonfly Capital, Amber Group, as well as others.
NEAR Foundation earlier launched its $800 million DeFi program.

From this large investment, $300 million will be used to feed the Near environment of decentralized finance technologies.

Near Protocol is among the most potential "Ethereum killers"; its team invented the notion of sharding, which enables blockchain networks to be divided into numerous linked chains.

The price of NEAR has gone stratospheric, setting a fresh record

Following this good statement, the NEAR price increased by 8% in two hours to reach a fresh all-time high. NEAR was trading for over $19.53 on the major spot marketplaces.

As a result, notwithstanding the grueling retracement of the cryptocurrency market, the NEAR price has increased by over 35% year to date.

In the medium run, it took shorter than six months for the NEAR price to further than 12x: it flattened out at $1.59 on July 22, 2021.

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