Mysten Labs
From CryptoWiki
Revision as of 04:48, 27 March 2023 by Grand Master Pepe (talk | contribs) (→Team, Funding, Partners)
Basics
Projects
"Back in September 2021, Celo announced a partnership with Mysten Labs to improve the throughput of the Celo blockchain via an advanced mempool protocol, the Narwhal, and Tusk consensus.
Additionally, Mysten Labs would also provide support for the Move virtual machine to facilitate the migrations of frequently utilized Celo core contracts, such as cUSD and cEUR.
Lastly, to enhance self-custody efforts for users, Mysten Labs would also add the KELP key recovery protocol to Celo, allowing users to recover their private keys despite losing their mobile devices."
- Sui; Mysten is the team behind Sui
Team, Funding, Partners
Team
- Full team can be found [here].
- Mysten Labs (1-8-2022). From this twitter thread by Figment (11-7-2022): "The business was founded by @EvanWeb3, @EmanAbio, @b1ackd0g, @GDanezis, @kostascrypto – all of whom were formerly building Novi or Diem at Meta."
- Evan Cheng; CEO
- Sam Blackshear, Mysten’s co-founder and CTO
- Chief product officer Adeniyi Abiodun and chief scientist George Danezis.
Funding
- Mysten Labs turned out to have sold ~100M in equity to FTX Ventures (8-12-2022). The Mysten Labs later had an offer which comprises of $95 million in preferred stock and $1 million worth of SUI token warrants to be bought back from FTX (24-3-2023).
- Mysten Labs had investment from bankrupt Alameda Research/FTX. This could mean fall-out risk since this equity will likely be sold due to bankruptcy.
