Blockchain mysten facebook 36m series andreessen

blockchain mysten facebook 36m series andreessen

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.

  • 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.

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

    NFTs 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.

    Companies are trying to expand their operations. However, it is impossible to achieve ambitious goals without money. Hopefully, Layer-1 blockchain developer Aptos Labs was able to find investors.

    It has closed a $150 million funding round to further its ambitions in the Web3 space, further highlighting venture capital’s appetite for budding crypto-focused startups.

    What’s interesting, the funding round was co-led by venture studios FTX Ventures and Jump Crypto, with additional participation from Circle Venture, Apollo, Andreessen Horowitz, and Franklin Templeton.

    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.

    Wanchain will deploy direct decentralized cross-chain bridges connecting Polygon and Arbitrum, which will complement and enhance Polygon’s suite of solutions.

    Exchanges news

    • Coinbase has announced the open sourcing of Kryptology, a cryptographic library for the crypto community that will enable and empower developers to create novel crypto innovations with state-of-the-art cryptography. They have added that over time, their goal is to support a thriving ecosystem of new and working cryptography for many more applications.
    • The Nasdaq exchange has announced that crypto issuer of exchange-traded products (ETPs) 21Shares has listed its first two physically backed exchange traded notes (ETNs) on Nasdaq Stockholm, which have bitcoin and ether (ETH) as underlying assets.

    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.
  • Investments 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.

    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.

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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.

    The two will develop a comprehensive product suite and compliant infrastructure for institutional investors seeking exposure to digital assets.

  • Crypto exchange Geminiplans to allow users in Colombia to trade crypto through a partnership with its largest private bank, Bancolombia. The partnership is part of a year-long, government-sponsored pilot program to test banking services for crypto platforms.
  • HM Government of Gibraltar has announced that it will begin a process by which it will integrate blockchain technology into its legacy systems in order to streamline government processes.
  • In conjunction with the listing, Nasdaq launched a new segment for ETNs, securities listed on a regulated exchange tracking an underlying asset with liquidity supported by a market maker.

  • Bitstamp has announced it has appointed Cecile Fouques Duparc, a former Director of Communications at Netflix, as the company’s Global Head of PR and Social Media. Cecile will be responsible for driving Bitstamp’s external communication and social strategy.
  • Delta Exchange has announced the launch of its trade farming program offering USD 50m worth of rewards to traders.
    The program will begin on December 6 and run through 2022.
  • 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.

    Any investments or portfolio companies mentioned, referred to, or described are not representative of all investments in vehicles managed by a16z, and there can be no assurance that the investments will be profitable or that other investments made in the future will have similar characteristics or results. A list of investments made by funds managed by Andreessen Horowitz (excluding investments for which the issuer has not provided permission for a16z to disclose publicly as well as unannounced investments in publicly traded digital assets) is available at https://a16z.com/investments/.

    Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision.

    Past performance is not indicative of future results. The content speaks only as of the date indicated.

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