Monad Labs Raises $225M to Shape Up Ethereum-Compatible Environment

By: Eva Baxter

Monad Labs, a blockchain developing firm, has succeeded in raising a whopping $225M in a funding round, centered around creating an Ethereum-compatible environment that promises superior speed compared to the original. The vision of this promising venture is to bridge the gap between Ethereum and its competitors, while maintaining compatibility with Ethereum Virtual Machine (EVM).

Monad Labs is striving to carve a unique niche for itself in the ever-growing crypto ecosystem by presenting itself as the 'best of both worlds' solution. The seed fund will be utilized to augment its development efforts in a bid to create a quicker, more responsive platform that will sustain as a mainstay for crypto users.