Shardeum is a linearly scalable EVM-based smart contract platform. It provides low gas charges while maintaining true decentralization and robust security thanks to dynamic state segmentation.
Regarding investment, Nischal Shetty, co-founder of the Indian cryptocurrency exchange WazirX, is behind this project. And Shetty recently raised up to $30M for his blockchain startup Shardeum, which is the focus of our attention. The billionaire also asked for anonymity because discussions are ongoing and private. But sources added that the funding round proposes valuing the startup at about $200M, as the investment amount is estimated to be that value.
Investment funds (investors in the project) include Spartan Group, Struck Crypto, Big Brain Holdings and Cogitent Ventures.
As for the rewards, they have not been officially announced yet, but the ecosystem and Airdrop have $25.40M$SHM. And that's very powerful!