Calimero Network Raises $8.5 Million 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.
• Powered by the NEAR protocol, Calimero gives users the choice of easily deploying ready-to-use solutions from its marketplace or building their own decentralized applications from the ground up.

Calimero Network, a blockchain infrastructure provider, recently announced the successful closure of an $8.5 million seed round led by Khosla Ventures, Lyrik Ventures, and NEAR Foundation. This influx of capital will be dedicated to the development of private sharding solutions for the NEAR protocol.

The NEAR protocol is a sharded, proof-of-stake-based blockchain platform that enables the quick and secure transfer of digital assets. Calimero Network plans to leverage the power of this protocol to provide users with a range of private, customizable shards for enterprises. By deploying ready-to-use solutions from its marketplace or building their own decentralized applications from the ground up, users can quickly connect to private and public Web3 applications like NFTs, DeFi, and more, without sacrificing confidentiality.

The closure of the seed round comes at a time when web3 startups have seen a surge in funding. Despite the devastating crypto winter, web3 startups raised more than $7 billion last year, and that trend has continued in 2023. On Jan. 20, reports emerged that web3 startup Obligate (formerly FQX) had secured $8.5 million from Circle Ventures, and others, to build a new blockchain-based bond issuance platform.

Calimero Network is aiming to provide users with a comprehensive platform that allows them to easily develop and deploy privacy-oriented decentralized applications. The funds raised in the seed round will give the team the resources it needs to make this a reality. With the development of private sharding solutions, users will be able to experience the power of the NEAR protocol in a secure and private environment.

The team also plans to use the funds to bring its platform to a larger audience. Calimero Network is confident that its offerings will be able to meet the needs of both developers and enterprises, and with the support of its investors, it is looking forward to making a lasting impact on the blockchain landscape.

Overall, Calimero Network’s fundraising success is a testament to the potential of the NEAR protocol and the growing demand for secure and private blockchain solutions. With the development of private sharding solutions, the team is hoping to provide users with a reliable platform for developing and deploying decentralized applications.

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