Monad Labs Secures Impressive $225 Million Funding Round Led by Paradigm
Tuesday, 9 April 2024, 13:41
Monad Labs Secures Significant Funding Round
Monad Labs has successfully secured a $225 million funding round, with Paradigm leading the investment. Other major participants include Coinbase Ventures, Electric Capital, and Greenoaks.
Expansion of Layer 1 Blockchain
The funding will enable Monad Labs to further develop and strengthen its Layer 1 blockchain technology, paving the way for enhanced performance and capabilities.
- Key Players: Paradigm, Coinbase Ventures, Electric Capital, Greenoaks
- Objective: Enhance Layer 1 blockchain
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