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Monad Labs - Strategic
Overview
Funding Date
May 21, 2024
Financing amount
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Valuation
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Catagory
Subcategory
About Monad Labs - Strategic
OKX Ventures announced a strategic investment in Monad Labs, which is developing a developer-forward smart contract platform that is poised to revolutionize the decentralized digital landscape. This investment underscores OKX Ventures' commitment to supporting innovative projects at the forefront of blockchain technology and decentralized ecosystems.
Founders & Team
Keone Hon
James Hunsaker
Company Profile / Project Introduction
MONAD is a new proof-of-stake (PoS) blockchain and decentralized computation platform that combines the best of performance and portability. Monad‘s mission is to accelerate the disruptive force of decentralization by building a blockchain that is 100x-1000x faster than its nearest competitors, alleviating severe bottlenecks in existing blockchains and enabling more complex apps and more widespread adoption.