A16z Leads $36M Bet on Web 3 Startup From Facebook Crypto Vets

A16z Leads M Bet on Web 3 Startup From Facebook Crypto Vets
Web 3 infrastructure company Mysten Labs has raised $36 million in a Series A round led by Andreessen Horowitz (a16z). The startup was founded by veterans of Facebook’s crypto unit and will soon launch a non-fungible token (NFT) platform.“There’s significant demand for more efficient and safe smart contract developer tooling, and Mysten has the technology and expertise to make major improvements across multiple chains. Allowing developers to focus on perfecting their user experience, without tackling the complexities of lower-level blockchain integrations, is key to enticing more web2 talent to start building web3 applications,” wrote a16z General Partner Arianna Simpson in…