May 5, 2020 NEAR Protocol launches ‘stealth’ mainnet and announces $21.6 million in funding.

The NEAR Protocol, a smart contract platform that aims to implement sharding and Proof of Stake has announced that it launched its mainnet in ‘stealth’ mode on April 22. The project also announced that it has raised $21.6 million via a token sale with the venture capital investors, Andreessen Horowitz (a16z) leading the round. During the stealth mode phase, the network will instead use a Proof of Authority mechanism with a validator set limited to the approximate 40 token sale participants.