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NEAR raises $150 million as it looks to become a hub of web3 development

The NEAR Foundation has closed a $150 million funding round less as it looks to become the hub of an open web3. Three-Arrows Capital led the token sale with participation from Mechanism Capital, Dragonfly Capital, a16z, Jump, Alameda and Circle Ventures, among others.  The NEAR Foundation launched in 2020 after a $21 million token sale and help from backers including a16z and Pantera Capital. The non-profit platform oversees the development and governance of the proof-of-stake NEAR blockchain.  On Jan. 1 …

Comparing sharding technologies

January 5, 2022, 11:11AM EST • 10 min read Quick Take There are two main types of sharding for blockchains: state and network State sharding is typically more difficult to execute but scales blockchains more sustainably than network sharding Contrary to the belief that shard chains are fully functional, most shard chains are currently mainly utilizing a single shard for smart contracts to reduce the technical complexity The eventual growth in shard chains can serve as a useful precursor for …

Growth of shard chain ecosystems

December 28, 2021, 10:07AM EST • 12 min read Quick Take Shard chains are blockchains that scale by running processes in parallel Some shard chains have seen significant developments in their ecosystems However, the functionality of these applications does not guarantee their success Many applications in shard chain ecosystems are still struggling to bootstrap liquidity and sustain growth in terms of user adoption Join The Block Research for exclusive research like this Gain access to this research piece and 100s …