Paradigm leads $225 million round for Monad Labs, which is building a layer-1 blockchain to take on Ethereum and Solana
With crypto markets roaring back, different blockchains are jockeying to become the solution that hoovers up demand in the next wave, just as Bitcoin and Ethereum did in past cycles.
A new player on the scene, Monad Labs, finalized a $225 million round led by Paradigm with additional funding by investors including Electric Capital and Greenoaks to build a layer-1 blockchain to challenge competitors such as Solana and Sui. (Fortune previously reported that Monad was in talks with Paradigm to rais...
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