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NEAR Foundation Forms Nuffle Labs With $13M in Funding

  • The fundraise included a grant from the Foundation and external investment by Electric Capital.
  • Nuffle Labs will use NEAR to offer rollups via NEAR's Data Availability (NESR DA) and Fast Finally Layer (NFFL) products.
UnmuteLitecoin Creator Charlie Lee on Company Evolution01:45U.S. CPI Returns Flat in May; Donald Trump Wants All Remaining Bitcoin to Be 'Made in USA'00:57Crypto Hacks Totaled $19B Since 2011: Crystal Intelligence10:29Consensus Heads to Toronto in 202501:57Crypto.com Received Approval to Register in Ireland; AI-Linked Tokens Underperform After Apple EventNEAR Foundation, the non-profit steward of the blockchain ecosystem of the same name, has formed Nuffle Labs with $13 million in funding.The spinout is aimed at advancing NEAR's modularity and bringing more decentralized development to the ecosystem, according to an emailed announcement on Thursday."As an independent entity, Nuffle Labs will now be able to make agile decisions, ensuring that NEAR Modular products remain competitive," the announcement said. "Strategically positioned between the NEAR Foundation, Ethereum, and EigenLayer ecosystems, Nuffle Labs will leverage strengths from multiple platforms to enhance efficiency and resilience in the NEAR ecosystem."The fundraise included a grant from the foundation and external investment by Electric Capital. Also participating were Canonical Crypto, Fabric Ventures, Robot Ventures, Caladan and Lyrik Ventures.Nuffle Labs will use NEAR to offer rollups via NEAR's Data Availability (NESR DA) and Fast Finally Layer (NFFL) products.Read More: Near Protocol's Token Almost Doubles in a Week, Ahead of Nvidia's AI ConferenceEdited by Nick Baker.

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