Calimero Network Raises $8.5M to Develop Private Sharding Solutions for NEAR Protocol

• 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 also 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, recently secured $8.5 million in a seed round co-led by Khosla Ventures, Lyrik Ventures, and NEAR Foundation. The funds will be used to develop private sharding solutions for the NEAR protocol, enabling users to quickly connect to private and public Web3 applications without sacrificing confidentiality.

The NEAR protocol is the foundation of Calimero Network, which offers a marketplace of ready-to-use solutions for users to deploy, as well as the ability to build decentralized applications from the ground up. With the added security of private sharding, users can now access a wide range of solutions, such as non-fungible tokens (NFTs), decentralized finance (DeFi), and more.

Calimero Network’s seed round follows a trend of web3 startups raising more than $7 billion in 2020, despite the crypto winter. This trend has continued into 2023, with Obligate (formerly FQX) raising $8.5 million from Circle Ventures for the development of a blockchain-based bond issuance platform.

Calimero Network’s private sharding solutions may be the key to unlocking enterprise-grade blockchain technology for more mainstream use. The company is dedicated to providing the highest levels of privacy, scalability, and speed, allowing users to quickly access private and public Web3 applications without sacrificing confidentiality.

The seed funding from Khosla Ventures, Lyrik Ventures, and NEAR Foundation will help Calimero Network reach its goal of developing reliable, secure, and private sharding solutions for the NEAR protocol. With the ability to quickly access private and public Web3 applications, the NEAR protocol is well positioned to become a leader in the enterprise-grade blockchain space.