Mysten Labs, a crypto startup founded by former Meta executives, is closing a Series B round that could value the company at $2 billion
reported.
After this financing, the company could be valued at $2 billion. But the winner depends largely on whether stock investors get additional warrants that give them the right to buy tokens used with their blockchain, and the strike price for exercising those options.
Mysten Labs is built to accelerate the adoption of web3. Mysten Labs was founded in September 2021 by four former senior engineers in Facebook's (now Meta) encryption division. The founders include Evan Cheng, who also worked at Apple for 10 years and is currently the CEO of Mysten.
The other three core members are Sam Blackshear, Adeniyi Abiodun and George Danezis who worked together at Novi Research (Meta's advanced cryptographic R&D team).
Mysten Labs completed a $36 million financing round led by a16z in December last year.
It plans to launch a “next-generation NFT...
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.
INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...