Sommelier partners with Mysten Labs to launch Cosmos smart contracts
Mysten Labs' engineers formerly created the blockchain network on Facebook's Diem and Novi crypto projects. Sommelier, a co-processing protocol to the Ethereum Virtual Machine, or EVM, has today announced a research and development partnership with Mysten Labs to increase liquidity transaction speeds and launch smart contract applications on the Cosmos blockchain.Founded in 2020 by Zaki Manian, a core developer on the Cosmos protocol, Sommelier is a test-net protocol designed to deliver enterprise-grade automated financial transactions such as limit orders, batched orders and portfolio....
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“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. Mysten Labs, the research and development firm founded by former engineers from social media giant Facebook, has announced the completion of a $36 million funding round towards its goal developing a Web 3.0 infrastructure platform.In a Monday announcement on Medium, the team behind Mysten Labs said the firm had raised $36 million in a Series A funding....
Bridging the gap between real-world data and smart contracts remains an intriguing proposition. Space and Time, recently securing $20 million in funding from Microsoft’s M12 and investors such as Polygon, Fellows Fund, Mysten Labs, MarketAcross and others. The project aims to Bridge the gap between enterprise database data and smart contracts which can lead to […]
Mysten Labs, developer of a new blockchain project called Sui, raised $300 million in its latest funding round. The round, which was led by FTX ventures, also had the support of A16z crypto, Jump Crypto, Apollo, Binance Labs, Franklin Templeton, and Coinbase Ventures, among others. The funds will be directed to continue growing Sui’s infrastructure and core, hiring in the Asia Pacific area for this task.
Mysten Labs Reaches $2 Billion Valuation in Series B Funding Round
Mysten Labs, a company founded by Meta’s former employees that worked on the Novi project, has....
Investors included FTX Ventures, Coinbase Ventures, Jump Crypto, a16z, Circle Ventures, among others. Mysten Labs, the company behind the yet-to-launch layer-1 blockchain Sui has raised $300 million aimed at building core infrastructure and accelerating the adoption of its Sui blockchain ecosystem. The blockchain company, which was founded by former executives of social media giant Meta in 2021 said in a Sept. 8 announcement that it landed $300 million in a Series B funding round led by crypto exchange venture arm FTX Ventures.: Today, we're excited to announce our $300M Series B funding....
Stefan Thomas is one of the more talented and respected developers in the space. An old hat at this young technology, he has been making waves as the CTO of Ripple labs. In a recent effort he has set his sights on smart contracts technology. The designs and implementation he and his team have come up with are interesting, to say the least. In a white paper entitled Smart Oracles, we see described a novel, simple, and flexible approach to smart contracts. In such a system, rules can be written in any programming language, and contracts can interact with any service that accepts....