Shardeum Seeks Strategic Financing to Fuel Public Chain Development
It is reported that Shardeum, the Layer 1 public chain project founded by Nischal Shetty, CEO of WazirX, is seeking to complete a strategic financing of US $5 m
It is reported that Shardeum, the Layer 1 public chain project founded by Nischal Shetty, CEO of WazirX, is seeking to complete a strategic financing of US $5 million at a valuation of US $250 million.
Public chain project Shardeum announced the completion of US $5 million strategic financing
Analysis based on this information:
Shardeum, a Layer 1 public chain project, is reportedly seeking to secure a strategic financing round amounting to $5 million, with a target valuation of $250 million. The initiative is spearheaded by Nischal Shetty, who is also the CEO of WazirX, a leading cryptocurrency exchange in India.
The Shardeum project is focused on developing a high-speed, scalable, and secure public blockchain infrastructure that could help unlock the full potential of decentralized applications (dApps) for various sectors, including finance, healthcare, and gaming among others. The team behind
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