Near Protocol Closes $150M Funding, NEAR Price Eyes $20

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.

• The price at which the token sale happened was not disclosed.
• Yet, after news broke out, NEAR’s price skyrocketed, and it currently eyes $20.

Source: TradingView