% 0.05
BTC Dominance:
% 0.13
Market Cap:
$2.34 T
% 0.00
Fear & Greed:
53 / 100
$ 64.257
BTC Dominance:
% 54.1
Market Cap:
$2.34 T

Monad Labs Looks to Secure $200 Million in Funding Led by Paradigm

Monad Labs

Monad Labs, a blockchain startup aiming to build a faster competitor to Ethereum, is reportedly in talks to raise over $200 million in funding.

  • Paradigm, a leading venture capital firm in the crypto space, is expected to lead the funding round with a $150 million pledge. This would value Monad Labs at $3 billion.
  • Paradigm has reportedly been gauging interest from other investors since late 2023 to potentially top off their contribution.
  • The targeted raise is poised to be the largest in the blockchain industry in recent months, surpassing the previous record of $110 million secured by last fall.

Also, you can freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram  ,YouTube and Twitter channels for the latest news and updates.

Rate this post
READ:  Balchunas: Ethereum Needs 'Easy' Appeal for Boomers

Leave a Reply

Your email address will not be published. Required fields are marked *