NEAR protocol has managed to close substantial funding round from top cryptocurrency investors in preparation for a further DeFi-oriented advance.
NEAR Protocol has closed $150 million in funding from high-profile investors, reported CoinDesk.
Some of the names include Alameda Research, Su Zhu’s Three Arrows Capital, Dragonfly Capital, Andreessen Horowitz (a16z), and others.
The funding reportedly happened through a private token sale. It was completed in two weeks which is indicative of the high interest in the protocol.
Speaking on the matter was Ashwin Ramachandran – a General Partner at Dragonfly, who said:
Near has done a great job from a technology standpoint, and we want to help them achieve a level of developer, user, ecosystem adoption which reflects their current level of technology innovation.