NEAR raises $150 million to accelerate Web 3.0 adoption across its ecosystem


A fundraiser for the adoption of Web 3.0

On his medium blog, NEAR Protocol announced to have lifted $150 million to accelerate Web 3.0 adoption.

The roundtable was led by Three Arrows Capital. Other participants include MechanismCapital, Dragonfly or a16z.

“We are excited to support the NEAR team and ecosystem as they scale blockchain applications,” said Kyle of Three-Arrows Capital.

With this funding, NEAR aims to become one of the leaders in the sector as a fast, secure blockchain. The money raised will be used for the mass adoption of Web 3.0 technology.

The objective is to finance the ecosystem in order to to make NEAR known to communities. Besides communities in Europe, Africa and Asia, NEAR is looking to reach out to Latin America and India.

“We are thrilled to have such a fantastic list of funders supporting NEAR’s mission. We look forward to leveraging this funding to improve access to blockchain technology in an ever-growing list of countries,” said Marieke Flament, CEO of the NEAR Foundation.

In its desire to create a world linked to Web 3.0, the NEAR Foundation had already created a grant fund of nearly $800 million to finance projects developed in its ecosystem, including $350 million in decentralized finance (DeFi).

Thus, it is a safe bet that the blockchain NEAR will be in the spotlight for this new year.

👉 To discover – Terra integrates its stablecoin UST to the NEAR and Aurora ecosystems

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About the Author : Anthony Bassetto

It was in 2017 that I discovered cryptocurrencies and blockchain technology. Also, I would like to share with you the news of this sector, which is in full swing, so that you can be up to date with the latest news.
All articles by Anthony Bassetto.

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