According to CoinDesk, NEAR Foundation, the non-profit manager of the blockchain ecosystem of the same name, has raised $13 million in funding with Nuffle Labs. This new independent entity aims to advance NEAR's modularity and bring more decentralized development to the ecosystem. Nuffle Labs will be able to make agile decisions to ensure that NEAR modular products remain competitive. Nuffle Labs will leverage the advantages from the NEAR Foundation, Ethereum, and EigenLayer ecosystems to improve the efficiency and resilience of the NEAR ecosystem. The fundraising includes grants from the foundation and external investment from Electric Capital. Other participants include Canonical Crypto, Fabric Ventures, Robot Ventures, Caladan, and Lyrik Ventures. Nuffle Labs will use NEAR to provide rollups through NEAR's data availability (NESR DA) and fast final layer (NFFL) products.