Andreessen Horowitz led a $36m Series A round in Mysten Labs.

Andreessen Horowitz, a venture capital firm, led a $36m Series A round in Mysten Labs, a company which creates foundational infrastructure to accelerate the adoption of web3, with participation from Redpoint, Lightspeed, Coinbase Ventures, Electric Capital, Standard Crypto, NFX, Slow Ventures, Scribble Ventures, Samsung NEXT. “The new blockchain is built with a unique design the current ecosystem has not seen. Apart from the massive scalability, it has a new programming model that’s perfectly suited for NFTs. It enables dynamic NFTs which are composable and can change over time – leveling up, new powers,” Evan Cheng, Mysten Labs CEO.