Former Meta execs raise $300M to ‘accelerate adoption’ of Sui blockchain

Norge Nyheter Nyheter

Former Meta execs raise $300M to ‘accelerate adoption’ of Sui blockchain
Norge Siste Nytt,Norge Overskrifter
  • 📰 Cointelegraph
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 51%

Companies continue to raise money despite the market conditions. Mysten Labs, the company behind the yet-to-launch layer-1 blockchain Sui, has raised $300 million to build core infrastructure and accelerate the adoption of its Sui blockchain ecosystem.

Mysten co-founder and CEO Evan Cheng said the new funding would be used to build its technology, the company’s hiring efforts and expansion to the Asia-Pacific region.

“This new funding will enable Mysten to continue to scale Sui, and we are grateful for the support from blue-chip investors and strategic partners who are aligned in our mission.”“It’s slow, expensive, capacity constrained, insecure, and simply hard to build for.” The latest funding suggests that some venture capital investors remain unphased by the crypto bear market. A recent report from Messari revealed thatRelated:

Vi har oppsummert denne nyheten slik at du kan lese den raskt. Er du interessert i nyhetene kan du lese hele teksten her. Les mer:

Cointelegraph /  🏆 562. in US

Norge Siste Nytt, Norge Overskrifter

Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.

Steve Bannon expects to face new criminal charge in New YorkSteve Bannon expects to face new criminal charge in New YorkStephen K. Bannon, a longtime ally of former President Trump, said Tuesday that he expects to be charged soon in a state criminal case in New York.
Les mer »

Pokemon Scarlet and Violet Trailer Reveals New Pokemon, New CharactersPokemon Scarlet and Violet Trailer Reveals New Pokemon, New CharactersThe Pokemon Company debuted a new trailer, which revealed three new Pokemon and the villainous [...]
Les mer »

Steve Bannon expects to face new criminal charge in New YorkSteve Bannon expects to face new criminal charge in New YorkSteve Bannon said he expects to be charged soon in a state criminal case in New York City. He plans to turn himself in on Thursday.
Les mer »

The Masked Singer Season 8: New format, new costumes revealedThe Masked Singer Season 8: New format, new costumes revealed“The Masked Singer” Season 8 premieres September 21 at 8 p.m. Eastern on FOX.
Les mer »

2023 Dodge SUVs: What’s New for Durango and the All-New Hornet PHEV2023 Dodge SUVs: What’s New for Durango and the All-New Hornet PHEVA new hybrid-optional small SUV and the return of an old supercharged friend breathe life into the Dodge SUV lineup for 2023.
Les mer »

New 'Star Trek: Strange New Worlds' Season 2 Image Reveals Carol Kane's ArrivalNew 'Star Trek: Strange New Worlds' Season 2 Image Reveals Carol Kane's ArrivalA new image from StarTrek StrangeNewWorlds reveals the arrival of Carol Kane joining the cast for Season 2.
Les mer »



Render Time: 2025-04-04 05:02:35