News/Mysten Labs CEO Seeking to Raise over $100 Million for a Web3 Fund

Mysten Labs CEO Seeking to Raise over $100 Million for a Web3 Fund

Feb 16,2023,21:54

Evan Cheng, CEO of Sui developer Mysten Labs, is seeking to raise over $100 million for a Web3 fund, according to The Block.

Sui is a Layer 1 smart contract platform that claims to offer unprecedented low-latency for simple use cases by forgoing consensus to instead use simpler and lower-latency primitives.

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