Mysten Labs
Founded Year
2021Stage
Unattributed VC | AliveTotal Raised
$336MMosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
-31 points in the past 30 days
About Mysten Labs
Mysten Labs focuses on developing foundational infrastructure for the web3 space. Their main offerings include creating systems that support the acceleration of web3 adoption by enhancing the underlying technology such as distributed systems, cryptography, and programming languages. They cater to sectors that are integrating blockchain and decentralized technologies. It was founded in 2021 and is based in Palo Alto, California.
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Research containing Mysten Labs
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Mysten Labs in 3 CB Insights research briefs, most recently on Jun 8, 2023.
Oct 31, 2022 report
State of Blockchain Q3’22 Report
Jul 29, 2022
Where a16z is investing in crypto and blockchainExpert Collections containing Mysten Labs
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Mysten Labs is included in 2 Expert Collections, including Unicorns- Billion Dollar Startups.
Unicorns- Billion Dollar Startups
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Blockchain
11,838 items
Companies in this collection build, apply, and analyze blockchain and cryptocurrency technologies for business or consumer use cases. Categories include blockchain infrastructure and development, crypto & DeFi, Web3, NFTs, gaming, supply chain, enterprise blockchain, and more.
Latest Mysten Labs News
Sep 17, 2024
Stablecoin issuer Circle is expanding its native issuance of USD Coin ( USDC ) and deploying its Cross-Chain Transfer Protocol on the layer-1 blockchain Sui . In a Sept. 17 X post, Evan Cheng, co-founder and CEO of Mysten Labs, revealed that his firm’s blockchain—Sui—has partnered with Circle to bring USDC to the network. Cheng did not provide additional information on the partnership. However, market observers noted that the move would boost liquidity in Sui’s fast-rising ecosystem and further attract more users to the network. Launched in 2023, Sui has quickly gained attention within the crypto space for its simplicity and recent high-flying moves, which include a partnership with automaker DeLorean to bring innovation to the automotive industry and usher the brand into the digital era. Furthermore, crypto asset management firm Grayscale recently opened its Sui Trust for qualified investors. USDC’s growing influence USDC is currently the second-largest stablecoin , with a circulating supply exceeding $35 billion. According to Circle, USDC is supported on 15 blockchain networks, including Ethereum , Algorand, Arbitrum, Avalanche , Polkadot , Base, and Polygon . Circle promotes USDC as a compliant digital asset offering robust user protections. The company recently announced plans to relocate its headquarters to New York City’s World Trade Center. Despite its success, Circle has faced criticism. Blockchain investigator ZachXBT recently called out the company for delays in blacklisting a wallet tied to North Korea’s Lazarus Group . In a Sept. 17 post on X, ZachXBT highlighted instances where Circle failed to safeguard the crypto ecosystem. He criticized the firm’s slow response in preventing malicious actors and its reluctance to assist users who accidentally transferred USDC to contract addresses due to poor user interface design. “A large number of users have accidentally transferred USDC to the contract address on various chains due to bad UX in the ecosystem. While yes, it is the user’s fault, Circle does have the ability in the contract to transfer the funds back to the rightful owner, yet unlike their competitors, it will not help you.” Mentioned in this article
Mysten Labs Frequently Asked Questions (FAQ)
When was Mysten Labs founded?
Mysten Labs was founded in 2021.
Where is Mysten Labs's headquarters?
Mysten Labs's headquarters is located at 379 University Avenue, Palo Alto.
What is Mysten Labs's latest funding round?
Mysten Labs's latest funding round is Unattributed VC.
How much did Mysten Labs raise?
Mysten Labs raised a total of $336M.
Who are the investors of Mysten Labs?
Investors of Mysten Labs include No Limit Holdings, Coinbase Ventures, Andreessen Horowitz, Lightspeed Venture Partners, Apollo and 22 more.
Who are Mysten Labs's competitors?
Competitors of Mysten Labs include Agingo.
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Compare Mysten Labs to Competitors
Cosmos develops a decentralized network of independent, scalable, and interoperable blockchains, creating the foundation for a new token economy. It offers an ever-expanding ecosystem of interoperable and sovereign blockchain applications and services, built for a decentralized future. The company was founded in 2014 and is based in Zug, Switzerland.
Ethereum develops a decentralized platform to run blockchain-based programs. The platform runs on a custom-built blockchain and enables developers to create markets, store registries of debts or promises, move funds accordingly, and more without a middleman or counterparty risk. It was founded in 2014 and is based in Zug, Switzerland.
Ava Labs operates as a company focused on digitizing assets and providing high-performance solutions for Web3. It offers a smart contracts platform known as Avalanche, which is characterized by its speed, low cost, and eco-friendliness. Additionally, Ava Labs provides AvaCloud, a service that assists businesses in building and scaling custom blockchains, and Core, a free browser extension for seamless and secure use of Web3 powered by Avalanche. The company was founded in 2018 and is based in New York, New York.
Aptos Foundation is an organization focused on the development and support of the Aptos Layer 1 blockchain platform, which is designed for safety and scalability within the decentralized network and developer ecosystem. The foundation leads initiatives to foster network growth, cultivate the ecosystem, and attract developers to improve the blockchain infrastructure. Its main offerings include technical documentation for developers, governance participation through voting on AIPs, and grants for innovation on the Aptos blockchain. It was founded in 2021 and is based in Grand Cayman, Cayman Islands.
Agingo is a software company focused on providing a platform for decentralization in the technology sector. The company's main service is a multi-ledger blockchain platform that simplifies processes, asset management, and software development, while ensuring security and transparency. Agingo's platform is primarily used in the financial services sector and for personal privacy applications. It is based in Charlotte, North Carolina.
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