Shardeum Secures $18.7M Seed Round to Accelerate the Future of Dynamic State Sharding in EVM-Based Blockchains

Shardeum, the world’s first EVM-based L1 blockchain leveraging dynamic state sharding to increase transactions per second with every new node added, is thrilled to announce that it has successfully raised $18,719,600 in its latest funding round. This remarkable financial milestone not only underlines investor confidence in Shardeum’s innovative approach to blockchain scalability and efficiency but also paves the way for the acceleration of the company’s ambitious roadmap. The substantial funds raised are earmarked for scaling the network infrastructure, enhancing security protocols, and expanding the overall ecosystem to support a rapidly growing global community of developers and users. By reinvesting in research and development, Shardeum aims to further refine its dynamic sharding technology, which is set to drastically reduce bottlenecks and pave the way for unprecedented throughput levels in blockchain transactions. In addition to bolstering technology enhancements, the funding will empower the company to accelerate strategic partnerships and collaborations, foster community engagement, and drive initiatives that promote decentralized applications and smart contract innovations. With a robust commitment to transparency, sustainability, and accessibility, Shardeum is positioned to not only redefine blockchain performance but to also serve as a catalyst for industry-wide transformation. This funding achievement is a decisive step towards realizing a more scalable, secure, and decentralized digital future, and it reaffirms Shardeum’s role as a trailblazer in bridging the gap between present limitations and tomorrow’s technological possibilities.