Near Foundation attracted $150 million in DeFi development – Bits Media

Near Foundation attracted 150 Million dollars and thus closed the last investment round.

One of the most promising blockchain platforms, Near Completes Latest Financing Round, which only took two weeks. Amount in 150 million dollars were raised thanks to cryptocurrency funds, Three Arrow Capital contributed the largest share. Funds such as Dragonfly Capital also took part in the round, Mechanism Capital, Amber Group and others.

Dragonfly CEO Ashwin Ramachandran believes, what's the speed, with which we managed to collect such a significant amount, speaks of investor enthusiasm and great faith in the blockchain project.

“From a technical point of view, Near did a great job, and we will be happy to help you reach a new level, where they can fully realize their technological potential", - said Ramachandran.

Near is going to invest the money received thanks to the investment round in the development of Web technology 3, as well as advertise the project and attract new users.

At the end of October last year, Near announced, What will highlight 800 million dollars in grants for developers and individual projects in their ecosystem. As a result, the company allocated more than a third of the amount to the development of DeFi.

Since launch in the fourth quarter 2020 year, the Near network processed about 70 million transactions and supports more than 2,3 million accounts.