Tagged: mysten labs

Web3 Infrastructure Firm Mysten Labs Signs MoU with Alibaba Cloud

March 8, 2023 @ 12:11 pm By Omar Faridi |

Mysten Labs, a Web3 infrastructure company and initial developer of the Sui Layer 1 blockchain, announced the signing of a Memorandum of Understanding with Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group. Under the terms of the MOU, Alibaba Cloud will aim… Read More

Read more in: Blockchain & Digital Assets, Asia, Fintech | Tagged alibaba, alibaba cloud, digital technology, distributed ledger technology, dlt, evan cheng, infrastructure, intelligence, memorandum of understanding, MOU, mysten labs, sui, web 3.0, Web3

Mysten Labs Secures $300M to Onboard More Users to Web3

September 11, 2022 @ 11:24 pm By Omar Faridi |

Mysten Labs, a web3 infrastructure company and developer of the Sui Layer 1 blockchain, announced the initial close of its $300 million Series B funding round. This new capital “values the company at more than $2 billion.” The company intends “to use the proceeds from… Read More

Read more in: Blockchain & Digital Assets | Tagged distributed ledger technology, dlt, evan cheng, infrastructure, investment round, l1 blockchains, layer 1 blockchain, mysten labs, sui, web 3.0, Web3