Crypto:
30351
Bitcoin:
$64.257
% 0.05
BTC Dominance:
%54.1
% 0.13
Market Cap:
$2.34 T
% 0.00
Fear & Greed:
53 / 100
Bitcoin:
$ 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 Blockchain.com last fall.

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