Layer 1 project Shardeum is seeking to raise $5 million in strategic funding at a valuation of $250 million

ChainCatcher news, according to The Block, WazirX CEO Nischal Shetty's Layer 1 public chain project Shardeum is seeking to raise $5 million in strategic financing at a valuation of $250 million.

According to the crypto data platform RootData, Shardeum announced the completion of a $18.2 million seed round financing last October, led by Jane Street, Struck Crypto, Spartan Group, Big Brain Holdings, DFG, Ghaf Capital Partners, and Foresight Ventures. (source link)