The NEThe NEAR Protocol team has closed $350M financing led by Tiger Global VC Fund with Republic Capital, Hashed, FTX Ventures, Dragonfly Capital and other investors.
Against the background of the investment round, the native token of the NEAR platform has grown by 9% to $16.8.
The raised funds will be used to increase the number of regional hubs in key community centers around the world.
According to the team, about 300 applications are running on the NEAR platform with more than 200,000 community members worldwide.
According to DeFi Llama, the amount of funds blocked in the NEAR Protocol DeFi ecosystem has reached $312 million. The largest project based on the protocol is the financial platform Ref Finance.
