EVM-based layer 1 blockchain shardeum raised $18.2 million from over 50 investors to tackle slow transactions, high fees and other scalability pains. Reporting by BrandyBetz
Layer 1 blockchain Shardeum has raised $18.2 million in a seed funding round from over 50 investors, including Jane Street, Struck Crypto and The Spartan Group.
Other investors in the round included Big Brain Holdings, DFG, Ghaf Capital Partners and Foresight Ventures, among others. Shardeum isn’t the first sharded blockchain with NEAR being a notable example. Shetty says Shardeum stands apart by expanding transactions per second every time a node joins a network rather than having to add a shard for each increase. Shardeum also offers atomic composability, meaning that smart contracts can communicate between shards.
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