avatar

Layer1 Blockchain Shardeum Raises $5.4M with Participation from Amber Group and Others

Layer1 Blockchain Shardeum Raises $5.4M with Participation from Amber Group and Others

Layer1 blockchain Shardeum announced it has raised $5.4 million in strategic funding at a $248 million valuation. Participants in the round include Amber Group, Galxe, J17 Capital, and others. The funds raised will be used to bolster its ecosystem. The Shardeum mainnet is expected to launch at the end of 2023.

Shardeum is co-founded by Nischal Shetty, founder of Indian crypto exchange WazirX. It is a horizontal solution that scales via sharding. Last October, Shardeum raised $18.2 million in a seed funding round with participation from Spartan Group, Big Brain Holdings, Jane Street and others.

 

TokenInsight is dedicated to covering the most important and cutting-edge trends in the world of crypto. If you have information to share with us, please feel free to contact our email news@tokeninsight.com. Your trust will be well respected.

Source

Layer 1

Fund Raising

In This Article

Related News
TON connects to Tether’s USDt ecosystem with LayerZero integration TON connects to Tether’s USDt ecosystem with LayerZero integration
Ethereum security platform Drosera raises $3.25 million in funding, brings total funding to $4.75 million Ethereum security platform Drosera raises $3.25 million in funding, brings total funding to $4.75 million
ZK-powered onchain credit analytics startup Accountable raises $2.3 million seed round ZK-powered onchain credit analytics startup Accountable raises $2.3 million seed round
HyperLiquid Releases Native Staking as HYPE Token Extends Its Rally HyperLiquid Releases Native Staking as HYPE Token Extends Its Rally
Crypto-AI startup Fraction AI raises $6 million in pre-seed funding Crypto-AI startup Fraction AI raises $6 million in pre-seed funding
Latest News More More
1 Day Ago 0xbow unveils ‘Privacy Pools,’ a new blockchain privacy tool drawing from Vitalik Buterin’s research
6 Days Ago Ethereum edges closer to deploying Pectra on mainnet with successful upgrade on Hoodi testnet
6 Days Ago MEXC Extends DEX+ Platform to Binance Smart Chain Users
March 25 Binance suspends employee for allegedly profiting off of insider information
March 25 BlackRock launches bitcoin ETP in Europe following US success

About TokenInsight

Services

Products

Support

Google Play
Google Play
Google Play
2018 – 2023 © TokenInsight Ltd. All rights reserved
Disclaimer Terms of Service Privacy Policy
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open