Former Meta execs raise $300M to ‘accelerate adoption’ of Sui blockchain By Cointelegraph

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Former Meta execs raise $300M to ‘accelerate adoption’ of Sui blockchain

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.

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The blockchain company, which was founded by former executives of social media giant Meta in 2021, said in a Thursday announcement that it landed $300 million in a Series B funding round led by crypto exchange venture arm FTX Ventures.