- Shardeum, the highly-scalable EVM-based layer-1 blockchain platform, raises $5.4 million in a strategic funding round.
- Amber Group, Galxe, J17 Capital, and TRGC among the significant participants in the funding round.
- The raised capital will be used to cultivate a global community, expand validator participation, and prioritize decentralization.
In a significant move, Shardeum, the highly-scalable Ethereum Virtual Machine (EVM)-based layer-1 blockchain platform, has successfully raised $5.4 million in strategic funding. This latest financial injection is expected to catalyze the growth of the Shardeum ecosystem as it approaches its highly anticipated mainnet launch.
The funding round saw participation from notable names in the crypto world such as Amber Group, Galxe, J17 Capital, TRGC, and others. These investments are a strong indication of the confidence that the market places in Shardeum’s mission and technology.
This strategic funding follows hot on the heels of Shardeum’s successful seed round, which took place in October 2022, raking in an impressive $18.2 million. This continued investor interest further emphasizes the belief in the strength and scalability of the project.
The raised funds are intended to be utilized to foster a global and diverse community, expand validator participation, and prioritize decentralization. This aligns with Shardeum’s core ethos of being a scalable and secure blockchain platform.
Shardeum stands out with its technology, offering a highly-scalable EVM-based layer-1 blockchain. This unique blockchain solution is designed to cater to mass-scale blockchain adoption, making it a promising player in the blockchain sphere. The dynamic state sharding approach that Shardeum employs guarantees low gas fees while maintaining a high degree of decentralization and secure blockchain operations.
Shardeum seems to be more than a blockchain. It’s like a visionary project aiming to onboard over a billion people to the blockchain and crypto revolution. As it moves closer to its mainnet launch, it continues to set the pace for development.