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Former Facebook engineers at Mysten Labs raise $36M for Web3 infrastructure

“We believe fundamental limitations in existing crypto infrastructure are frustrating broader adoption of Web 3.0,” said Mysten’s team, citing the scalability of existing chains as well as the lack of interoperability of...

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

Former Facebook engineers at Mysten Labs raise $36M for Web3 infrastructure

“We believe fundamental limitations in existing crypto infrastructure are frustrating broader adoption of Web 3.0,” said Mysten’s team, citing the scalability of existing chains as well as the lack of interoperability of many smart contracts.

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This blockchain story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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