Layer 1 blockchain project Shardeum completes $5.4 million strategic financing with a valuation of $248 million, with participation from Amber Group, Galxe and others

According to The Block, Layer 1 blockchain project Shardeum has completed a strategic financing round of US$5.4 million.
The company plans to use the funds to strengthen its ecosystem in preparation for the launch of the mainnet by the end of 2023. Participants in this round of financing include Amber Group, Galxe, J17 Capital, TRGC, Jsquare, Bware Labs, Tané Labs, Hyperithm Group, and Luganodes.
A Shardeum representative said the company’s most recent valuation was $248 million.