Mysten Labs, the startup behind the highly hyped Sui blockchain protocol, has raised $300 million from top investors in the Web3.0 ecosystem.
The Mysten Labs Series B was led by FTX Ventures and enjoined participation from Andreessen Horowitz (a16z) as well as Jump Crypto, Apollo, Binance Labs, Franklin Templeton, Coinbase Ventures, Circle Ventures, Lightspeed Venture Partners, Sino Global, Dentsu Ventures, Greenoaks Capital, and O'Leary Ventures amongst others.
Mysten Lab's mainstream innovation, the Sui blockchain, is yet to be launched. Drawing on the experiences of the 5 Co-Founders with Meta Platforms' defunct payment blockchain, Diem and Novi Wallet, the protocol was created as a payment protocol that can serve as the gateway for the following billion users to wade into the world of blockchain.
The Mysten team hopes to use the acquired funds to accelerate the launch of the Sui blockchain protocol and invest in the Sui ecosystem while also expanding its footprint into the Asian...
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