Coral, the developers of Anchor, the popular development framework for the Solana blockchain, announced a strategic funding round of $20 million co-led by FTX Ventures and Jump Crypto.
Other participants in the round include Multicoin Capital, Anagram, K5 Global, and other strategic investors, Coral said in an announcement shared with Decrypt.
Coral said it plans to use the funding to hire new talent with the aim of building a world-class team.
On Episode 3 of Decrypt's gm podcast, Amy Wu, the head of FTX Ventures, gave Dan Roberts and Jeff Roberts her take on the Jack Dorsey vs Andreessen Horowitz feud over Web3. "There’s this constant narrative and paranoia that Web3 will become centralized, just like the previous rise of industries and the Internet... I think it’s good for people to remain paranoid about it," she said. She also commented on a16z's huge size in the space.
Today’s announcement also comes along with the launch company’s first flagship product called Backpack.
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