Blockchain enterprise Near Protocol has reportedly secured a $350 million fundraiser. The initiative was led by Tiger Global Management – a US investment firm with more than $90 billion in assets under management.
- Quoted by Bloomberg, Amos Zhang – a partner at MetaWeb VC (a company that is part of the cryptocurrency industry) – said that the fundraiser led by a giant like Tiger Global “clearly means that Near could be one of the protocols”. can take over the world.”
- The $350 million investment is more than double the amount of the Secure Protocol close in early 2022. Subsequently, it raised $150 million in funding from high-profile investors including Andreessen Horowitz, Alameda Research and Three Arrows Capital.
- To date, the Near Protocol has a market cap of over $10 billion, placing it among the top 20 cryptocurrency projects.
- The price of the protocol’s native token – near – has also seen an impressive increase over the past several months.
- Its USD value in April last year was around $6, while currently, it trades more than 150% – at around $16.
- The blockchain protocol has also played a role in the Russo-Ukraine war. Near’s Ukrainian co-founder – Ilya Polosukhin – helped evacuate at least 50 people out of the country because of the conflict and raised more than $3 million for food, medicine and evacuation efforts.
- The executive was part of a wave of millions of Ukrainians who left their homeland in recent weeks. Currently, Polosukhin lives in Portugal, which has become a favorite destination for refugees due to its crypto-friendly policies.
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