WazirX CEO founded Layer1 blockchain Shardeum completes $18.2 million financing, led by Jane Street, Struck Crypto, and others

2022-10-18 11:29:36

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ChainCatcher news, according to livemint, Shardeum, a Layer 1 blockchain founded by WazirX co-founder and CEO Nischal Shetty, has announced the completion of a $18.2 million seed round financing, led by Jane Street, Struck Crypto, Spartan Group, Big Brain Holdings, DFG, Ghaf Capital Partners, and Foresight Ventures. Nischal Shetty stated that the Layer 1 sharded blockchain Shardeum will be launched in the first quarter of the next fiscal year and is currently in the testing phase.

It is reported that the funds raised will be used to strengthen the company's marketing and develop the development team to further enhance Shardeum's dynamic sharding technology and ecosystem development. Participants in this round of financing include Coingecko Ventures, WeMade, ZebPay, JSquare, Nestcoin, Veris Ventures, Tupix Capital, Mapleblock Capital, and NetZero Capital, as well as former Coinbase CTO Balaji Srinivasan, Kraken CMO Mayur Gupta, Michael Montero, and Coinbase VP of Engineering Pankaj Gupta, among others. (Source link)

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