NEAR Protocol is a developer-friendly, proof-of-stake blockchain platform designed for building decentralized applications. It utilizes a proprietary sharded consensus mechanism called Nightshade, which enables parallel computations to radically boost throughput and eliminate network capacity limits for true linear scalability.
On July 10, 2019, NEAR Protocol successfully closed an oversubscribed seed funding round, securing $12.1 million. The investment was co-led by Metastable Capital and Accomplice, with strategic participation from Pantera Capital, Multicoin Capital, Coinbase Ventures, Electric Capital, and notable angel investors including Naval Ravikant. The newly acquired capital was allocated to recruiting additional software engineers, accelerating developer tooling infrastructure, and finalizing preparations for the mainnet launch.
| Fund | Score | Type | Retail ROI | Numbers of investments |
|---|---|---|---|---|
| N/A | 9.38x | 4 | ||
| N/A | 9.38x | 2 | ||
| Very High | 1.92x | 88 |