• Calimero Network has raised $8.5 million in a seed round co-led by Khosla Ventures, Lyrik Ventures, and NEAR Foundation.
• The funds will be dedicated to developing private sharding solutions for the NEAR protocol.
• The platform enables users to quickly connect to private and public Web3 applications like NFTs, DeFi, and more, without sacrificing confidentiality.
Calimero Network, a blockchain infrastructure provider, has recently announced that they have secured an $8.5 million seed funding round co-led by Khosla Ventures, Lyrik Ventures, and NEAR Foundation. This investment is being made in order to develop private sharding solutions for the NEAR protocol.
Sharding is an important technology within the blockchain space that involves dividing a blockchain network into multiple smaller networks known as “shards”. This allows for a more efficient and secure way of processing transactions, as it reduces the amount of data that needs to be processed at one time.
The NEAR protocol is a blockchain protocol that is designed to be highly scalable and secure. It is being used by many decentralized applications (dApps) to store data and process transactions. Calimero’s private sharding solutions will allow for dApps to securely store and process data using the NEAR protocol, without sacrificing confidentiality.
Calimero also enables users to quickly connect to private and public Web3 applications such as Non-Fungible Tokens (NFTs), Decentralized Finance (DeFi), and more. This makes it easier for users to access and use the applications that are built on the NEAR protocol.
The recent influx of capital into Calimero Network is a testament to the growing demand for blockchain technology and the need for secure and efficient solutions. This funding will go a long way towards helping Calimero develop its private sharding solutions and expand its reach within the industry. It is an exciting time for the blockchain space and it will be interesting to see how Calimero’s solutions evolve in the coming months and years.