Mysten Labs
Founded Year
2021Stage
Series B | AliveTotal Raised
$336MValuation
$0000Last Raised
$300M | 8 mos agoAbout Mysten Labs
Mysten Labs is a crypto and blockchain infrastructure technology start-up. It creates foundational infrastructure to accelerate the adoption of web3. The company was founded in 2021 and is based in San Francisco, California.
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Research containing Mysten Labs
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Mysten Labs in 2 CB Insights research briefs, most recently on Oct 31, 2022.
Oct 31, 2022 report
State of Blockchain Q3’22 ReportJul 29, 2022
Where a16z is investing in crypto and blockchainExpert Collections containing Mysten Labs
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Mysten Labs is included in 2 Expert Collections, including Blockchain.
Blockchain
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Companies and startups in this collection leverage blockchain technology for crypto trading, decentralized finance (DeFi), NFTs, and more.
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Latest Mysten Labs News
May 4, 2023
May 3, 2023 10:17 pm SUI, the native token of the layer-1 (L1) Sui blockchain that launched on May 3 , plummeted over 40% since the rollout. The token currently trades at $1.26, with a market cap below $680 million, according to CoinGecko. Sui Mainnet and Token Finally Launch The project’s team confirmed on its Discord server that the long-awaited launch of the Sui blockchain network finally took place at 7:30 am EST on Wednesday. Along with the mainnet, the SUI token also launched today, but not as many might have expected. The token crashed at the launch, plunging 40% to $1.28 from $2.16 within several minutes. The drop brought the project’s market capitalization to below $680 million, while its fully diluted valuation (FDV) stood at around $12.8 billion at the time of the writing. The FDV represents the total supply of SUI tokens, including those not in current circulation. Currently, there are around 500 million tokens in circulation. SUI is the native token of the namesake blockchain project, developed to allow users to pay transaction fees and for governance purposes. The Sui Foundation teamed up with popular centralized exchanges (CEXs) such as Binance, OKX, Kucoin, and Bybit to sell SUI tokens to the project’s Discord members and users of other exchanges. Developed by Mysten Labs, Sui is an L1 blockchain platform developed to address scalability issues faced by major blockchains such as Ethereum through extraordinary speed and performance. The blockchain can reportedly handle between 10,871 transactions per second (TPS) and 297,000 TPS on different workloads, significantly higher than the 4,000 TPS achieved by Solana, one of the fastest L1 chains. Mysten Labs is a Web3 firm founded by Meta’s former engineers who worked on the abandoned Novi project . Binance CEO Warns Justin Sun Not to Attempt to Farm the SUI Airdrop Just days before the launch, Tron founder Justin Sun tweeted on May 1 that he is planning a full refund of a $56 million transfer to Binance. The move came after the crypto exchange’s CEO, Changpeng Zhao, said his company would take action against Sun if he used any funds to purchase vast SUI tokens from Binance’s Launchpool. “Binance LaunchPool are meant as air drops for our retail users, not just for a few whales,” Zhao said. Binance Launchpad refers to the exchange’s bootstrapping portal, where users can buy or farm liquidity of newly launched crypto tokens. Binance announced the SUI token would be available on Launchpool on Sunday, enabling users to stake their cryptocurrencies to add funds into a liquidity pool in return for rewards. This article originally appeared on The Tokenist Sponsored: Find a Qualified Financial Advisor Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you’re ready to be matched with local advisors that can help you achieve your financial goals, get started now .
Mysten Labs Frequently Asked Questions (FAQ)
When was Mysten Labs founded?
Mysten Labs was founded in 2021.
Where is Mysten Labs's headquarters?
Mysten Labs's headquarters is located at San Francisco.
What is Mysten Labs's latest funding round?
Mysten Labs's latest funding round is Series B.
How much did Mysten Labs raise?
Mysten Labs raised a total of $336M.
Who are the investors of Mysten Labs?
Investors of Mysten Labs include Coinbase Ventures, Andreessen Horowitz, Lightspeed Venture Partners, Greenoaks Capital Management, Franklin Templeton and 18 more.
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