{"id":13231,"date":"2022-07-12T15:10:14","date_gmt":"2022-07-12T15:10:14","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/series-b-funding-could-give-web3-startup-mysten-labs-a-2b-valuation\/"},"modified":"2022-07-12T15:10:14","modified_gmt":"2022-07-12T15:10:14","slug":"series-b-funding-could-give-web3-startup-mysten-labs-a-2b-valuation","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/series-b-funding-could-give-web3-startup-mysten-labs-a-2b-valuation\/","title":{"rendered":"Series B Funding Could Give Web3 Startup Mysten Labs A $2B Valuation"},"content":{"rendered":"<p><b>(Originally posted on : Crypto News &#8211; iGaming.org )<\/b><br \/>\n<\/p>\n<div>\n<p>Web3 Startup <a href=\"https:\/\/mobile.twitter.com\/Mysten_Labs\/\">Mysten Labs<\/a> is expecting to raise at least $200 million in a Series B funding round, which will effectively give the company a $2 billion valuation.<\/p>\n<p>According to a report in the The Information. Sources say that so far, investors, led by Sam Bankman-Fried\u2019s <a href=\"https:\/\/igaming.org\/cryptocurrencies\/ftx\/\">FTX<\/a> Ventures, have reserved at least $140 million.<\/p>\n<p>Mysten Labs is founded by industry veterans of Novi Research, the crypto research and development division of Meta (formerly Facebook) and launched its decentralized blockchain Sui in March of this year.<\/p>\n<p>One of the co-founders, Chief Executive Officer Evan Cheng, was the former head of research and development for Meta\u2019s crypto wallet initiative, which got <a href=\"https:\/\/igaming.org\/crypto\/meta-phases-out-novi-wallet-after-8-month-trial\/\">phased out<\/a> last week after its eight month trial.<\/p>\n<p>In December 2021 Mysten\u2019s Series A funding round led by Andreessen Horowitz, raised raised $36 million.<\/p>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/igaming.org\/crypto\/series-b-funding-could-give-web3-startup-mysten-labs-a-2b-valuation\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Crypto News &#8211; iGaming.org ) Web3 Startup Mysten Labs is expecting to raise at least $200 million in a Series B funding round, which will effectively give the company a $2 billion valuation. According to a report in the The Information. Sources say that so far, investors, led by Sam Bankman-Fried\u2019s [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":13232,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/13231"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=13231"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/13231\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/13232"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=13231"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=13231"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=13231"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}