Shardeum, an EVM-based layer-1 blockchain company deploying dynamic state sharding, raised $5.4M in funding.
The round saw participation from Amber Group, Galxe, J17 Capital, TRGC, Jsquare, Bware Labs, Tané Labs, Hyperithm Group, Luganodes, Blockchain Ventures Hub, CryptoViet Ventures, Blue7, and more.
The company intends to use the funds to expand operations and its development efforts.
Founded in 2022, Shardeum is a scalable EVM-based layer-1 blockchain deploying dynamic state sharding. Dynamic state sharding helps keep gas fees low and TPS high as participation grows. It performs consensus at the transaction level and lowers the computational power needed for validator nodes. This consensus mechanism makes it possible for anyone to run a node while increasing decentralization.
As of today (July 7, 2023), over 7.4 million transactions have taken place on the testnet, with 820K+ accounts and over 230K contracts deployed.
The $5.4 million raise follows Shardeum’s $18.2 million seed round in October 2022 from backers such as Jane Street, Big Brain Holdings, Struck Crypto, The Spartan Group, Ghaf Capital, DFG, CoinGecko Ventures, Foresight Ventures.
FinSMEs
17/07/2023