Post

MON (2/8) 🤝🏻 Team, Investors, and Partnerships of Monad (MON): 🧩 Team: 🟣 The project is developed by Monad Labs. 🟣 Founders: • Keone Hon (CEO / Co-Founder) • James Hunsaker (CTO / Co-Founder) • Eunice Giarta ▫️The team previously worked at a major company where they built high-performance systems. 🟣 To ensure both the technical side and ecosystem growth move forward properly, Monad has split itself into two branches: 1️⃣ Monad Foundation: Focused on ecosystem management, community building, marketing, and project direction. 2️⃣ Category Labs: Responsible for technical development, engineering, coding, upgrades, and all blockchain-related work. 💰 Investors: 🤌🏻 Monad has raised capital through multiple rounds: 🟣 In early 2023, it completed a $19M Seed Round, led by Dragonfly Capital. 🟣 Several other VCs participated as well: Placeholder Capital, Lemniscap, Shima Capital, Finality Capital, as well as a number of well-known angel investors. 🤓 (Do you know who angel investors are?) 🟣 In 2024, the project raised a much larger $225M funding round, led by Paradigm. Major companies like Electric Capital and Greenoaks Capital also joined in. 🤝🏻 Partnerships: 🟣 Monad has acquired Portal Labs, a team working on stablecoin payments and payment systems. This means Monad wants to have fast financial transactions and stablecoin payment infrastructure ready from day one — without starting from scratch. 🟣 Collaborations with Pyth and Switchboard Oracles: These two projects are oracles, providing real-world data (like asset prices) to blockchains. So Monad aims to ensure that financial applications built on its network have fast, accurate external data. #monusdt #mon #monad #ethan