.NEARProtocol secures $150 million from top VCs, $NEAR goes ballistic Near
Near Protocol concludes yet another jaw-dropping funding round as it approaches its DeFi ecosystem release. The announcement sent the NEAR price to new historic highs.
Previously, NEAR Foundation announced its $800 million DeFi initiative. Out of this massive sum, $300 million will fuel the ecosystem of decentralized finance protocols on Near. Near Protocol is one of the most promising"Ethereum killers"; its team pioneered the concept of sharding, i.e., techniques that allows blockchain systems to be split up into multiple interconnected chains.On this positive announcement, the NEAR price added 8% in two hours to set its new all-time high. At press time, NEAR changes hands over $19.7 on the main spot platforms.As such, despite the exhausting retracement of crypto markets, the NEAR price is more than 35% YTD.
In the mid-term perspective, it took less than six months for the NEAR price to rocket more than 12x: its price bottomed at $1.59 on July 22, 2021.
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