The blockchain developer Near Protocol raised $350 million, more than double what it got just three months ago. The investment, led by Tiger Global, is a sign of the frenzy surrounding crypto startups.
Near Protocol’s market cap as of Tuesday was more than $10 billion, according to data from the cryptocurrency tracker CoinGecko. Near investors plan to announce the new funding on Wednesday.
Its backers see the deal as a signal that a wider variety of investors have faith in the blockchain’s ability to be an underpinning of a decentralized web. A check from a firm like Tiger Global “obviously means they feel ...
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