20 days ago 1 min read

CEO of Mysten Labs Welcomes Co-Founder Of Hash To Executive Team Of Web3 Foundation

evan chang-mysten labs- blockchain

Hashed co-founder Alex Shin and seasoned hedge fund investor Sandeep Ramesh will serve as general partners in the new Web3 venture fund launched by Mysten Labs CEO Evan Cheng.

This development follows Evan Cheng's announcement in February that he will be forming a Web3 venture fund with a $100 million+ market cap. The fund is not anticipated to be restricted to Sui ecological investments.

A venture capital business with a focus on blockchain and cryptocurrencies, Hashed is situated in South Korea. It has made investments in a number of noteworthy initiatives, including Filecoin, Polkadot, and Ethereum. One of its co-founders, Alex Shin, has been instrumental in the development and success of the business.

On the other side, Sandeep Ramesh is a seasoned investor with a wealth of knowledge in the hedge fund sector. He has held a number of positions with respected companies like Citadel Investment Group, SAC Capital, and Goldman Sachs.

The CEO of Mysten Labs, Evan Cheng, was previously Facebook's director of engineering and has extensive experience in the field. He is well-known for his work on the Ethereum blockchain and has been a leading figure in the Web3 movement.

Evan Cheng is launching the Web3 venture fund with the goal of assisting initiatives developing the upcoming wave of decentralized software and services. The fund's primary investments will be in blockchain infrastructure, developer tools, and other technologies that will help Web3 flourish and become more widely used.

A paradigm shift in how we connect with the internet has been brought about by the Web3 movement. It seeks to build a user-centered, decentralized web that is more open, safe, and open to all. The Web3 ecosystem is positioned for considerable development and innovation in the future years because to the support of venture capital firms like Mysten Labs and Hashed.

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