{"id":54214,"date":"2021-12-07T12:06:29","date_gmt":"2021-12-07T10:06:29","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=54214"},"modified":"2025-09-03T19:19:35","modified_gmt":"2025-09-03T16:19:35","slug":"blockchain-startup-from-former-meta-staff-raises-36-million-from-andreessen-horowitz","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/blockchain-startup-from-former-meta-staff-raises-36-million-from-andreessen-horowitz\/","title":{"rendered":"Blockchain startup from former Meta staff raises $36 million from Andreessen Horowitz"},"content":{"rendered":"<p>Venture capital firm Andreessen Horowitz (a16z) invested $36 million in Mysten Labs, a startup founded by former Meta employees (<a href=\"https:\/\/u1f987.com\/en\/news\/facebook-rebrands-as-meta-nfts-to-feature-in-zuckerbergs-metaverse\">earlier<\/a> Facebook).<\/p>\n<blockquote class=&quot;twitter-tweet&quot;>\n<p lang=&quot;en&quot; dir=&quot;ltr&quot;>We raised $36M in our first funding round<a href=&quot;https:\/\/t.co\/wATTZt3NYI&quot;>https:\/\/t.co\/wATTZt3NYI<\/a><\/p>\n<p>\u2014 MystenLabs (@Mysten_Labs) <a href=&quot;https:\/\/twitter.com\/Mysten_Labs\/status\/1467903477393158147?ref_src=twsrc%5Etfw&quot;>December 6, 2021<\/a><\/p><\/blockquote>\n<p> <script async=&quot;&quot; src=&quot;https:\/\/platform.twitter.com\/widgets.js&quot; charset=&quot;utf-8&quot;><\/script><\/p>\n<p>According to a16z&apos;s statement, Mysten is building \u201cfundamental Web 3.0 infrastructure\u201d to address scalability issues, as well as to accelerate the development and deployment of decentralized services.<\/p>\n<p>Mysten Labs&apos; CEO is Evan Cheng \u2014 in 2018 he moved from the head of the engineering affairs division at Facebook to the role of director of blockchain engineering.<\/p>\n<p>He was joined by former company engineers Sam Blackshear and George Danezis, as well as the head of product for the Novi project, Adeni Abiodun.<\/p>\n<blockquote class=&quot;wp-block-quote is-layout-flow wp-block-quote-is-layout-flow&quot;>\n<p>\u201cWe are building infrastructure that, according to our previous research, will overcome many constraints,\u201d Cheng said in a CNBC interview.<\/p>\n<\/blockquote>\n<p>Earlier, the head of Meta&apos;s Payments division<a href=\"https:\/\/u1f987.com\/en\/news\/david-marcus-to-leave-meta\">David Marcus announced his departure<\/a> from the company. In 2018 he headed the new blockchain research group, and a year later he led the Libra project (<a href=\"https:\/\/u1f987.com\/en\/news\/libra-association-renamed-to-diem-association\">later Diem<\/a>).<\/p>\n<p>In November, a16z led the Series A funding round for the music <span data-descr=&quot;non-fungible tokens&quot; class=&quot;old_tooltip&quot;>NFT<\/span>-platform Royal <a href=\"https:\/\/u1f987.com\/en\/news\/andreessen-horowitz-backs-dj-3laus-nft-platform-royal-with-55-million-series-a\">$55 million<\/a>.<\/p>\n<p>In the same month the venture firm <a href=\"https:\/\/u1f987.com\/en\/news\/forte-raises-725-million-from-a16z-solana-ventures-and-others\">backed<\/a> Forte, a startup providing blockchain solutions for game publishers.<\/p>\n<p>Subscribe to ForkLog news on <a href=&quot;https:\/\/vk.com\/forklogcom&quot; target=&quot;_blank&quot; rel=&quot;nofollow noopener&quot;>VK<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Venture capital firm Andreessen Horowitz (a16z) invested $36 million in Mysten Labs, a startup founded by former Meta employees (formerly Facebook).<\/p>\n","protected":false},"author":1,"featured_media":54215,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[848,1133],"class_list":["post-54214","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-andreessen-horowitz","tag-venture-investments"],"aioseo_notices":[],"amp_enabled":true,"views":"19","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/54214","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=54214"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/54214\/revisions"}],"predecessor-version":[{"id":54216,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/54214\/revisions\/54216"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/54215"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=54214"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=54214"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=54214"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}