Shardeum, founded by the WazirX founder, successfully concludes a strategic funding round, raising 5.4 million in investment

Shardeum, a blockchain platform utilizing dynamic state sharding at Layer 1, has successfully concluded a strategic funding round, raising $5.4 million in capital.

Shardeum, founded by the WazirX founder, successfully concludes a strategic funding round, raising 5.4 Dollars million in investment

Shardeum, a blockchain platform that deploys dynamic state sharding at Layer 1, has successfully concluded a significant funding round, securing a total of $5.4 million in capital. This strategic funding will play a crucial role in strengthening Shardeum’s ecosystem as it prepares for the highly anticipated launch of its mainnet, scheduled to take place by the end of 2023.

The funding round witnessed participation from renowned and influential firms, including Amber Group, Galxe, J17 Capital, TRGC, Jsquare, Bware Labs, Tané Labs, Hyperithm Group, and Luganodes. Their involvement demonstrates the confidence and support have garnered from key players in the industry.

With the fresh injection of funds, aims to further develop and enhance its infrastructure, expand its network, and drive innovation within the blockchain space. The company envisions creating a robust and scalable platform that leverages the benefits of dynamic state sharding to provide efficient and secure solutions for various industries and applications.

This raise allows us to continue to prioritize decentralization through growing our community of participants worldwide through education and other key initiatives.

Kelsey McGuire