Neon Labs Raises $40M to Bring EVM Functionality to Solana

Posted on by American Coins & Gold

Neon Labs Raises M to Bring EVM Functionality to Solana
While they’re often pitted as rivals, investors have just piled $40 million into a project aiming to bring Ethereum’s computation engine to the Solana blockchain.On Tuesday, Neon Labs announced a $40 million raise led by Jump Capital, including participation from Three Arrows Capital, Solana Capital, IDEO CoLab Ventures and others.According to a Neon Labs press release, the raise was conducted via a token sale and “will be used to rapidly scale the Neon Labs team in categories spanning research, core development, marketing and business development,” as well as on a grants program.Neon Labs is the developer of Neon, a software…