Former Jump Trading Devs Raise $19M
Reading Time: < 1 minute
Monad Labs, which was founded by former Jump Trading developers, has raised $19 million in a funding round led by Dragonfly Capital.
According to the press release, other investors include venture capital firms Placeholder Capital, Lemniscap, Shima Capital, and business angels Naval Ravikant, Cobie and Hasu. The project has received support from more than 70 market participants in total.
Monad is developing an EVM-compatible first-level blockchain “destined to improve the entire Ethereum ecosystem.”
James Hunsaker, co-founder of the startup, has said:
“We are developing a new Ethereum virtual machine from scratch. It will have high performance.”
Follow and like us on
