Near Protocol nets $350m at $10bn valuation

Apr 7, 2022 • Edison Fu

FTX Ventures took part in the cryptocurrency protocol developer’s latest round, which followed a $150m token sale three months ago.

US-based blockchain deployment platform developer Near Protocol has secured $350m from investors including cryptocurrency exchange FTX’s corporate venturing arm, FTX Ventures, Coindesk reported yesterday.

Investment firm Tiger Global Management led the round, which included Republic Capital, Hashed and Dragonfly Capital. The deal valued the company at $10bn according to data from digital assets tracker CoinGecko seen by Bloomberg.

Near Protocol has built a crypto protocol dubbed MainNet that helps developers design and optimise decentralised applications across areas such as business…

Edison Fu

Edison Fu is a reporter and Asia liaison at Global Corporate Venturing.

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