About Mysten Labs
Mysten Labs develops tools that make web3 secure, reliable, and ready for mass adoption.
Founded
2021-09-01
Industry
Blockchain, Cryptocurrency, Software, Web3
Last Funding Type
Series B
Valuation
2
Total Funding
$336.01 million dollars
IPO Status
Financial
Mysten Labs may be growing as evidenced by several strategic partnerships and product developments. The company has partnered with Alibaba Cloud to enhance the Sui blockchain ecosystem, which could indicate an expansion of its operational capabilities and an increase in its market presence. Additionally, Mysten Labs has joined forces with Stardust, integrating their technologies to facilitate game development on the Sui platform, potentially increasing its user base and revenue streams. The launch of a Sui-based handheld gaming device in collaboration with Playtron, named SuiPlay0X1, represents a new product offering that could contribute to revenue growth. These developments suggest an upward trajectory in terms of product innovation, market expansion, and strategic collaborations.
Mysten Labs is focused on enhancing web3 security and reliability through the development of zero-knowledge proofs for login. This technology allows users to authenticate using the OpenID Connect protocol while maintaining anonymity, aligning with their goal of making web3 secure and ready for mass adoption. By integrating information from an OpenID provider, Mysten Labs is advancing secure login methods that protect user identity.
Mysten Labs is focused on enhancing web3 security and reliability through the development of zero-knowledge proofs for login. This technology allows users to authenticate using the OpenID Connect protocol while maintaining anonymity, aligning with their goal of making web3 secure and ready for mass adoption. By integrating information from an OpenID provider, Mysten Labs is advancing secure login methods that protect user identity.
Funding Rounds
3
Number of Lead Investors
2
Total Funding Amount
$336.01 million dollars
Number of Investors
28