Blockchain mysten facebook 36m series

blockchain mysten facebook 36m series

The funding round more than doubled the startup’s valuation, which was over $1 billion as of March.

Layer-1 blockchain developer Aptos Labs was launched by former Meta employees Mo Shaikh and Avery Ching. They also had a role in advancing Mark Zuckerberg’s failed Diem project.

It is worth noting that Aptos’ blockchain uses Diem’s programming language, called Move, which reportedly makes transactions cheaper as well as more efficient. For example, Mysten Labs, another blockchain project to emerge from the ashes of Diem, also utilizes the Move programming language.

Even though the so-called crypto winter is upon us, venture capital continues to make strategic investments across the blockchain and crypto industries. Interestingly, venture firms invested $14.67 billion into the sector in the second quarter, basically matching first-quarter commitments.

Users who deposit and participate in trading activity in any contracts listed on Delta Exchange will be eligible for rewards.

NFT news

  • A virtual anime version of Sophia, the world-famous humanoid artificial intelligence (AI) robot, is set to be tokenized and auctioned off as part of an up-and-coming Metaverse project dubbed ‘Noah’s Ark’. This auction is part of a partnership between Alethea AI, the creator of Sophia, and non-fungible token (NFT) marketplace BinanceNFT.
  • The Voices of Classic Rock (VOCR) archive has announced a new series of non-fungible tokens featuring The Beatles, with each NFT corresponding to one of the respective Liverpudlians and featuring a rare interview in WAV format alongside a unique portrait.

Web 3.0 infrastructure platform.

It had raised $36 million in a Series A funding round led by Andreessen Horowitz with participation from Slow Ventures, Redpoint, Lightspeed, Coinbase Ventures, NFX, Scribble Ventures, Samsung NEXT, and others.

CEO Evan Cheng stated that the firm would use the funds to build the infrastructure necessary for cryptocurrency- as well as blockchain-focused firms to deliver technology.

In addition to developing Web 3.0 infrastructure, the firm said it planned to launch a “next-generation NFT platform for the Metaverse” in 2022.

Last but not least, founded in September 2021 by former cryptographical program engineers behind the blockchain architecture for Facebook’s crypto-payments platform Diem and mobile wallet Novi, Mysten Labs is led by CEO Evan Chang.


Blockchain mysten facebook 36m series1

The NFTs will be minted on Ethereum, and bids can only be placed in ETH, with the starting bid listed at ETH 1.25 (USD 4,000).

  • Wikipedia founder Jimmy “Jimbo” Wales is offering his first-ever site edit as an NFT as part of an auction titled ‘The Birth of Wikipedia’, which also includes the desktop computer that Wales used to create the website: an iMac G3. The auction is being carried out via major auction house Christie’s and will run from December 3 to December 15.
  • Investment news

    • Mysten Labs, a crypto and blockchain infrastructure technology start-up founded by four former Facebook engineers, has raised USD 36m in a funding round led by Andreessen Horowitz, per CNBC.

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    Bonus points if you’ve written such papers!

  • Experience with tools, practices, and programming patterns for ensuring software correctness
  • Experience with a systems programming language such as Rust, Go, Swift, or C/C++ Interest or experience in “smart contract” languages, especially Move and Solidity
  • Interest or experience in open, decentralized, permissionless technologies, and the intersection of contemporary technology, economics, finance and governance.
  • Exceptional written communication skills and an enthusiasm for clear and concise
  • Willingness to participate in technical discussions and reviews synchronously, asynchronously, in person or remotely
  • Our team is 100% remote and we are hiring across the world. Here at Mysten Labs, you’ll be joining a world class team with tremendous growth potential.

    Blockchain mysten facebook 36m series-b

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    Venture capital company Andreessen Horowitz (a16z) has invested $36 million in startup Mysten Labs, founded by former employees of Meta (formerly Facebook).

    According to a16z, Mysten is building a “fundamental Web 3.0 infrastructure” to address scalability issues and accelerate the development and deployment of decentralized services.

    Evan Cheng is the CEO of Mysten Labs – in 2018, he moved from his position as head of engineering at Facebook to the position of director of blockchain engineering.

    He was joined by former company engineers Sam Blackshire and George Danezis, as well as Novi Project product manager Adeni Abiodun.

    Spartan Group. The launch of its STARLY token will take place on December 20 followed by listing on tier1 exchange on December 21.

  • Blockchain analytics company TRM Labs has announced it has raised USD 60m in Series B funding led by Tiger Global. The company developed what they call the first blockchain intelligence platform that combines cross-chain data with threat intelligence, advanced analytics, and intuitive visualizations to help organizations detect crypto fraud and financial crime.
  • Sports betting site DraftKings has partnered with the NFL Players Association (NFLPA) and OneTeam Partners, the group licensing partner of the NFLPA, aiming to launch gamified NFT collections that will debut on DraftKings Marketplace during the 2022-2023 NFL season.
  • Morgan; and crypto startups such as Chainspace, Vega, and Nym.

    Mysten’s current projects are taking two forms: partnerships with existing networks that integrate Mysten technology, and open protocols based on Mysten-designed components. Narwhal, which targets scalability issues and can be integrated with any BFT consensus protocol, is being developed for deployment on Celo and Sommelier. They are also building a next-generation NFT platform with extremely high performance that enables a new class of programmable assets.

    It is designed to bring about true self-sovereignty and help people seamlessly move their assets across games and virtual worlds in the metaverse.

    As with all technology stacks, each improvement at the infrastructure level of web3 can have outsized positive impacts for the applications and services built on top of it.

    It is envisioned that the implementation, which will initially be rolled out on a pilot basis, will improve the delivery of public services to individuals and organisations residing or operating in Gibraltar.

  • Mobile top-up service Ding has shown that 14% of users hold bitcoin (BTC) or other cryptocurrencies, with adoption going up to 25% in developing countries. The report, which examines the views of 6,250 respondents across the KSA, UAE, Nigeria, Indonesia, Germany, India, Mexico, Brazil, and the Philippines, also shows that many consumers are putting digital assets ahead of other, more traditional financial products, such as personal loans.
  • Polygon (MATIC) and Wanchain (WAN) have announced a strategic partnership that will drive further adoption of Layer 2 cross-chain bridges.
  • We can’t wait to see the breadth and depth of innovation that Mysten’s infrastructure will enable.


    The views expressed here are those of the individual AH Capital Management, L.L.C. (“a16z”) personnel quoted and are not the views of a16z or its affiliates. Certain information contained in here has been obtained from third-party sources, including from portfolio companies of funds managed by a16z. While taken from sources believed to be reliable, a16z has not independently verified such information and makes no representations about the enduring accuracy of the information or its appropriateness for a given situation.

    If you are excited about having a voice and a hand in building the internet of the future then Mysten could be for you. We are looking for independent and productive folks to join our team of builders and scientists.

    Programming language (PL) engineers design, build, and improve safe abstractions of complex systems. Mysten PL engineers enhance the programmability networks, optimize runtimes for high performance, and harden toolchains against attackers.

    Our ideal candidate would have

    • 5+ years of experience in hands-on software engineer
    • Expertise in compiler implementation, runtimes, optimization, or static analysis-we’re looking for someone who can read and understand research papers from the field and design systems based on them.

    Nexo & Fidelity Digital Assets Partnership, Gibraltar’s Blockchain Integration + More News

    Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________

    Adoption news

    • Crypto lender Nexo will partner with crypto-focused arm of US-based mutual fund giant Fidelity Investments, Fidelity Digital Assets, to offer custodial and lending services to institutional investors, including the launch of institutional-focused products, said the press release.

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