In keeping with Fortune, Paradigm led the $225 million funding spherical of Monad Labs, which is constructing a Layer-1 blockchain that may compete with Ethereum (ETH) and Solana (SOL).
Monad Labs has accomplished a $225 million funding spherical led by Paradigm.
Within the assertion, it was said that the funds collected will probably be used to create an L1 blockchain to problem rivals reminiscent of Ethereum, Solana and Sui.
Monad Labs stated it is going to absolutely help EVM, with the objective of deploying its mainnet by the tip of this 12 months and launching a testnet within the coming months, whereas additionally planning to launch a local token.
*This isn’t funding recommendation.
