{"id":377259,"date":"2021-12-06T23:00:00","date_gmt":"2021-12-06T20:00:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/former-facebook-engineers-at-mysten-labs-raise-36m-for-web3-infrastructure\/"},"modified":"2021-12-06T23:00:00","modified_gmt":"2021-12-06T20:00:00","slug":"former-facebook-engineers-at-mysten-labs-raise-36m-for-web3-infrastructure","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/former-facebook-engineers-at-mysten-labs-raise-36m-for-web3-infrastructure\/","title":{"rendered":"# Former Facebook engineers at Mysten Labs raise $36M for Web3 infrastructure"},"content":{"rendered":"<p>&#8220;<strong># Former <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Facebook<\/a> engineers at Mysten Labs raise $36M for Web3 infrastructure <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMTIvZDM5OWFmNTgtZjU5Yy00MGM5LTkyMzktYWUxNzc5ZWY4Yjk3LmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-128018ef>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.<\/p>\n<p>In a Monday announcement on Medium, the team behind Mysten Labs <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/medium.com\/mysten-labs\/introducing-mysten-labs-building-foundational-infra-for-web3-7e5ec3df1ccb\">said<\/a> the firm had raised $36 million in a <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/watch-movies-tv-seriess\/\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Watch Movies &amp; TV Series\" target=\"_blank\" rel=\"noopener\">Series<\/a> 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 <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2021\/12\/06\/mysten-labs-raises-36-million-from-andreessen-horowitz-crypto-fund.html\">said<\/a> Mysten would use the funds to build the infrastructure necessary for cryptocurrency- and blockchain-focused firms to deliver <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a>.<\/p>\n<p>\u201cWe believe fundamental limitations in existing crypto infrastructure are frustrating broader adoption of web3,\u201d said Mysten\u2019s team, citing the scalability of existing chains as well as the lack of interoperability of many smart contracts.<\/p>\n<p>In addition to the development of Web 3.0 infrastructure, Mysten said it planned to launch a \u201cnext-generation NFT platform for the Metaverse\u201d in 2022. The project is aimed at allowing users to more easily move assets across different virtual environments without sacrificing functionality. <\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Sommelier partners with Mysten Labs to launch Cosmos smart contracts<\/em><\/strong><\/p>\n<p>Founded in September 2021 by former cryptographical program engineers behind the blockchain architecture for Facebook\u2019s \u2014 now Meta&#8217;s \u2014 crypto-payments platform Diem and mobile wallet Novi, Mysten Labs is led by CEO Evan Chang, CTO Sam Blackshear, COO Adeniyi Abiodun, and chief scientist George Danezis. The most recent head of Novi, David Marcus, announced on Dec. 1 he planned to step down by the end of the year. Meta \u2014 then Facebook \u2014 began piloting Novi in the United States and Guatemala in October.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/former-facebook-engineers-at-mysten-labs-raise-36m-for-web3-infrastructure\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Former Facebook engineers at Mysten Labs raise $36M for Web3 infrastructure &#8221; 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&#8230;<\/p>\n","protected":false},"author":1,"featured_media":377260,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMTIvZDM5OWFmNTgtZjU5Yy00MGM5LTkyMzktYWUxNzc5ZWY4Yjk3LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74863,75719,117,4974,71745],"class_list":["post-377259","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-cryptocurrencies","tag-funding","tag-business","tag-facebook","tag-venture-capital"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/377259","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=377259"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/377259\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/377260"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=377259"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=377259"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=377259"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}