Tag: NEAR protocol

Near Foundation Raises $150 Million to Bolster Web3 Adoption

Near Foundation Raises $150 Million to Bolster Web3 Adoption

On Thursday, the Near Foundation announced the project has raised $150 million from strategic investors such as Three-Arrows Capital, a16z, Mechanism Capital, Dragonfly Capital, and Circle Ventures. Following the announcement, the Near protocol’s native crypto asset jumped more than 7% against the U.S. dollar. Near Foundation Gets a $150 Million Capital Injection The team behind […]

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NEAR Foundation’s new CEO on defining web3 and her return to the blockchain space

NEAR Foundation’s new CEO on defining web3 and her return to the blockchain space

Quick Take NEAR Foundation’s new CEO explains why she left banking for the blockchain world. From day one, her mission will be to define the NEAR protocol as the go-to place to build what’s increasingly being referred to as ‘Web3’.  This feature story is available to subscribers of The Block Daily. You can continue reading […]

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NEAR Token Price Gains Over 30% As NEAR Protocol raises $800 million

NEAR token’s latest price rally comes in the wake of NEAR Protocol’s announcement of raising $800 million developer fund. Brief Market Analysis of NEAR Token NEAR token price rallied higher on Oct. 25 following NEAR Protocol announcing that it has earmarked $800 million for new funding initiatives aimed at growing its decentralized finance capabilities. Notably, […]

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Ethereum-compatible developer platform Aurora raises $12 million

Ethereum-compatible developer platform Aurora raises $12 million

Aurora Labs, a crypto project that has built an Ethereum-compatible development platform on top of NEAR Protocol, has raised $12 million in a new funding round. This was an equity round and was co-led by Pantera Capital and Electric Capital, Aurora Labs CEO Alex Shevchenko told The Block. Overall, more than 100 investors participated in […]

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Weekly Market Overview: Here Are the Top 3 Gainers, ALGO, EGLD, and NEAR

Known for its volatility, the digital currency ecosystem recorded the two extremes in its price trend this past week. While many digital assets opened the week to a bullish trend, resulting in an All-Time High (ATH) for cryptocurrencies like Solana (SOL), the uptrend was not sustained as the market recorded a flash crash that parred […]

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Mapping out IOSG Ventures’ portfolio

Mapping out IOSG Ventures’ portfolio

Quick Take IOSG Ventures is an investment and research firm focused on the blockchain/crypto sector with offices in Singapore and Shenzhen, China The firm recently raised $60 million during its first closing of a second fund that will focus on DeFi, NFTs/Social tokens, as well as layer-2 technologies  In total, the firm’s active portfolio consists […]

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Mapping out NEAR Protocol’s ecosystem

Quick Take Founded in 2018 by Alexander Skidanov and Illia Polosukhin, NEAR Protocol is an open-source platform for decentralized applications Last week, NEAR’s bridge to Ethereum, called Rainbow Bridge, officially launched, allowing any user who owns assets on Ethereum to be able to transfer them on NEAR’s blockchain or vice versa In total, The Block […]

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NEAR Protocol launches Ethereum bridge for cross-chain interoperability

Blockchain project NEAR Protocol has launched its Ethereum bridge, called Rainbow, for cross-chain interoperability. The bridge allows transferring ERC-20 tokens between the Ethereum and NEAR blockchains. Users can take advantage of faster transaction confirmation times and lower fees with the bridge, NEAR co-founder Illia Polosukhin told The Block. “A unique sharding model gives the NEAR […]

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DeFi protocol Balancer will find a second home on the NEAR Protocol

DeFi protocol Balancer will find a second home on the NEAR Protocol

Major Ethereum-based decentralized finance (DeFi) protocol Balancer will also be available via NEAR, an Ethereum competitor that just fully opened its mainnet last week. The team behind the smart contract platform, which promises reduced latency and fees compared with Ethereum, announced the news on Monday.  Balancer is an automated market maker that provides users with […]

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