On the radar of international investors are newly established technology companies that are active in the field of cryptocurrencies and the development of blockchain infrastructure (Web3 infrastructure), some of which are owned by Greek founders and are expanding their presence in our country. The reason behind Mysten Labs is the creation by five former heads of cryptography and blockchain at Facebook (Novi), a group that creates from scratch their own blockchain technology known as Sui, as well as the digital currency of the same name.

A few days ago, the company raised an unprecedented amount of $300 million from major international investors (among them FTX Ventures, Andreessen Horowitz, Coinbase Ventures, and others) with a capitalization that, as “K” in the previous publication, exceeded $2 billion.

Recruitment Mysten Labs in Athens, Thessaloniki. A few days ago, $300 million was raised.

Despite the wariness that investors are now showing towards companies and products with a high level of risk, her topic is offended by the fact that she created a new blockchain that will allow transactions to be carried out in less than a second. He is also developing a digital currency that can compete with existing ones in an effort to create a more modern and secure version of Ethereum.

Mysten Labs, based in Silicon Valley, was founded just a year ago and, according to its representatives, began to hire people in Athens and Thessaloniki, where it rents its own offices. Kostas Chalkias, who along with Giorgos Danezis represents the “Greek” element of the team, told K in a recent interview that the start-up decided to come to Greece and hire a team of 15 engineers (all levels). , from entry-level to senior) who will work on its technology. Explaining the purpose of Mysten Labs, Mr. Halkias stated that “it is a decentralized database that will be controlled not by one organization, but by many organizations. It will be possible, for example, to carry out all transactions with your own account and your own digital signature, download contracts that cannot be changed, create your own applications without having to create your own database with your own developers.” The company’s CEO Evan Cheng said the capital raising will help the company develop Sui blockchain technology, hire employees and expand in the Asia-Pacific region.

A much smaller amount, in the order of $2.5 million, was raised by Greek interests Rated Labs, which was only founded in April 2022 by Ilias Simos and Ari Koliopoulos with the goal of bringing transparency to the infrastructure that powers the blockchain. It is worth noting that although the value of many cryptocurrencies, such as Bitcoin, has previously fallen by 60%, investors are still positive about the market’s ability to maintain its stability. According to data from Crunchbase, venture capital investment in blockchain companies this year is about the same as last year, at $12.8 billion so far, up from $18.5 billion last year.