The price of the digital currency NEAR achieves a new record after closing a financing round for the project


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When examining the list of the first 20 cryptocurrencies in terms of total market capitalization, a green indicator appears to us by approximately 5% in front of the digital currency NEAR, which achieved a new price peak in the last 24 hours, according to the website coinmarketcap.

The influencing reason is directly that the NEAR protocol was able to close a large funding round from major crypto investors in preparation for further advances directed towards DeFi.

CoinDesk reported that the NEAR protocol closed $150 million in funding from two prominent investors, some of these names:

Alameda Research, Su Zhu’s Three Arrows Capital, Dragonfly Capital, Andreessen Horowitz (a16z), and others.

The financing has reportedly occurred through the sale of cryptocurrencies in particular.

It was completed in two weeks, demonstrating great interest in the protocol.

Speaking about this, Ashwin Ramachandran, General Partner at Dragonfly Fund, said:

Near has done a great job from a technical point of view, and we want to help them achieve an advanced level of development, expand usage and build an ecosystem that reflects the current level of technological innovation.

The price at which NEAR coins were sold has not been specifically disclosed to investors.

But what is clear is that after the news broke, the price of NEAR rose to a new record, and is currently looking at $20.

Read also:

Study: More than half of Swiss banks seek to provide cryptocurrency services to their customers

Bank of America: Solana Can Overtake Ethereum and Become a Visa Cryptocurrency

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