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Former Facebook engineers at Mysten Labs raise $36M for Web3 infrastructure
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Mysten Labs, the research and development firm founded by former engineers from social media giant Facebook, has announced the completion of a $36 million funding round towards its goal developing a Web 3.0 infrastructure platform.
In a Monday announcement on Medium, the team behind Mysten Labs said the firm had raised $36 million in a Series A funding round led by Andreessen Horowitz with participation from Redpoint, Lightspeed, Coinbase Ventures, Electric Capital, Standard Crypto, NFX, Slow Ventures, Scribble Ventures, Samsung NEXT, and others. According to a CNBC report, CEO Evan Cheng said Mysten would use the funds to build the infrastructure necessary for cryptocurrency- and blockchain-focused firms to deliver technology.
“We believe
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