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Mysten Labs
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Develops decentralized blockchain infrastructure and tools
Mysten Labs
Work Here?
Develops decentralized blockchain infrastructure and tools
About Mysten Labs
Industries
Crypto & Web3
Company Size
51-200
Company Stage
Series B
Total Funding
$336M
Headquarters
San Francisco, California
Founded
2021
Overview
Mysten Labs focuses on enabling digital ownership through decentralized technology. They are developing Sui, a blockchain that uses proof of stake to ensure secure transactions and can handle a large amount of data and users simultaneously. Additionally, they are creating Move, a programming language designed for writing smart contracts, which are self-executing agreements with the terms directly written into code. What sets Mysten Labs apart from its competitors is its comprehensive range of tools and services that simplify access to digital assets for everyone. Their goal is to make digital asset ownership accessible to billions of people, fostering a decentralized future.
Simplify's Take
What believers are saying
- Rising DeFi platforms demand secure, scalable solutions like Mysten Labs' infrastructure.
- NFT popularity in gaming boosts demand for robust platforms like Sui.
- Blockchain gaming growth offers expansion opportunities for Mysten Labs.
What critics are saying
- AI evolution in content creation may outpace Mysten Labs' current offerings.
- Parasol acquisition could divert focus from core blockchain development.
- Reliance on E4C: Final Salvation may risk showcasing Sui's capabilities.
What makes Mysten Labs unique
- Mysten Labs offers a comprehensive suite for digital asset access and use.
- They developed Sui, a scalable, decentralized proof of stake blockchain.
- Their Move language facilitates smart contract development, enhancing blockchain utility.
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Funding
Total Funding
$336M
Above
Industry Average
Funded Over
2 Rounds
Lightspeed Venture Partners
Andreessen HorowitzIndustry standards
Benefits
Remote Work Options
Growth & Insights and Company News
6 month growth
↓ -2%1 year growth
↑ 0%2 year growth
↑ 3%To address this pain point, Mysten Labs launched SEAL, which aims to achieve secure encryption and access control of data in a decentralized manner, helping developers avoid relying on a single trusted party when building decentralized applications (DApps), thereby achieving more flexible and secure data protection.
Mysten Labs has officially launched Seal, a decentralized secrets management (DSM) solution now live on the Sui Testnet, introducing a much-needed data security layer for Web3 applications.
FanTV has secured $3 million in Series A funding from Mysten Labs, Cypher Capital, CoinSwitch Ventures, and Illuminati Capital to enhance its AI tools for content creators. This follows a previous $5.5 million investment from other backers. The platform supports over 80,000 creators and 8 million on-chain wallets, processing over 30 million transactions. FanTV aims to democratize content creation with AI, offering monetization through content tokenization and Creator Coins.
At Mysten Labs, we are building critical infrastructure to enable a more decentralized internet.
Mysten Labs, the company behind Sui, has announced its acquisition of the game development platform Parasol. The financial details of the transaction have not been disclosed.
Mysten Labs is Hiring for 7 Jobs on Simplify!
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About Mysten Labs
Industries
Crypto & Web3
Company Size
51-200
Company Stage
Series B
Total Funding
$336M
Headquarters
San Francisco, California
Founded
2021
Mysten Labs is Hiring for 7 Jobs on Simplify!
Find jobs on Simplify and start your career today
People Also Viewed
Discover companies similar to Mysten Labs