NEAR foundation
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2023%2F11%2Fnear-wintermute.jpg&w=1536&q=40)
Evgeny Gaevoy says that Wintermute will be pursing legal action against Near Foundation and Aurora Labs
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2022%2F12%2Fcut-salaries.jpg&w=1536&q=40)
A Web3 game developer added a gaming industry veteran, while an infrastructure startup brought on the ex-global markets director at Deutsche Bank
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2022%2F01%2F2022-10-25-Near-Foundation.png&w=1536&q=40)
A non-profit funding the NEAR protocol to use $40 million to protect USN investors after it became undercollateralized
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2022%2F01%2F2022-10-25-Near-Foundation.png&w=1536&q=40)
“We are looking forward to leveraging the funding to improve access to blockchain technology in an ever growing list of countries across the world,” Marieke Flament, NEAR Foundation CEO said in a statement
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2022%2F01%2FWoo-network.jpg&w=1536&q=40)
The capital raise follows a few months after the network’s $30 million Series A round in November
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2021%2F12%2FUntitled-design-2021-12-03T191739.510.jpg&w=1536&q=40)
As part of the partnership, WOO Network will be a key builder in the NEAR Protocol ecosystem.
Get the daily newsletter that helps thousands of investors understand the markets.