Odaily News: Layer 1 blockchain project Shardeum has completed a strategic financing round, raising a total of $5.4 million. The company plans to utilize these funds to strengthen its ecosystem and prepare for the mainnet launch by the end of 2023. Participants in this financing round include Amber Group, Galxe, J17 Capital, TRGC, Jsquare, Bware Labs, Tané Labs, Hyperithm Group, and Luganodes.



A representative from Shardeum stated that the company's latest valuation is $248 million.



In March this year, Shardeum announced a $5 million strategic financing round, following a previous seed funding of $18.2 million from Spartan Group, Big Brain Holdings, Jane Street, Foresight Ventures, and other companies. (The Block)