Mar 12, 07:55 AM

Monad Labs Eyes $200M Raise for 2024, Paradigm Leads to $3B Valuation

Monad Labs, a blockchain startup linked with Jump Crypto, is in advanced discussions to secure a funding round of over $200 million, led by venture capital firm Paradigm. This investment round is poised to value Monad Labs at $3 billion, marking it as potentially the biggest cryptocurrency funding event in 2024. The New York City-headquartered company aims to utilize the funds to develop a scalable smart contract distributed ledger.

#Monad Labs #Jump Crypto #Paradigm #New York City

Written with ChatGPT (GPT-4).

Sources

BSCN Headlines@BSCNheadlines
2 years ago
JUST IN: @SHENTUCHAIN, A WEB3 SECURITY COMPANY, ANNOUNCES A RECENT FUNDING ROUND FROM INVESTORS INCLUDING BINANCE LABS, OKX VENTURES, BITMAIN, KUCOIN VENTURES, NEO, AND MORE
Mario Nawfal@MarioNawfal
2 years ago
INVESTMENT: You’ve seen our investments in this year’s most successful gaming and A.I projects, but you may not know we’re also invested in some of the best L1 and L2 projects. @NibiruChain is one of the most hyped L1s of the year, with 40,000 transactions per second (Ethereum… https://t.co/jvHr4M0o6t
crypto.news@cryptodotnews
2 years ago
New York City-headquartered blockchain startup Monad Labs is seeking $200 million to build the scalable smart contract distributed ledger https://t.co/3LujrWQMgo

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