Near Protocol, a proof-of-stake Blockchain has received $150 million in Seed Investments to Accelerate the Adoption of Web3 Technologies. Team AnnouncementThe fund will be used for the development of regional hubs as well raising awareness about blockchain and decentralized technology.

Near Protocol intends to take advantage of these funds in order to promote the adoption and use of Web3. According to the announcement, the funding will be used to “help billions of people learn and use blockchain.” With this, projects building on the Near blockchain will have the opportunity to connect with new audiences.