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    Nov 22nd, 2024
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$2,199.23M Raised in 91 Funding Rounds in the past 7 Days - View All

Funding Round Profile

Monad Labs

start up
United States - New York, New York
  • 17/02/2023
  • Seed
  • $19,000,000

We are a tech startup using low-latency programming, compiler optimization, and multithreaded computing to build an ultra-high-performance smart contract platform.

We are on a mission to enable the next generation of decentralized apps for the next generation of blockchain users—more complex apps requiring higher compute budgets, providing services to many more people.


Related People

Keone HonCo Founder

Keone Hon United States - ND

I'm Keone, cofounder/CEO of Monad Labs.

Monad is hiring systems engineers interested in solving challenging problems in distributed systems and low-latency optization: https://boards.greenhouse.io/monad.

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Monad is a hyperefficient blockchain that processes 10,000 transactions/s with 1 second finality while preserving full Ethereum VM (EVM) compatibility for apps and infrastructure. Monad gives dapp devs the best of both worlds: portability and efficiency.

Monad addresses severe bottlenecks in decentralized computation, lowering transaction fees by orders of magnitude while maintaining fast finality and network decentralization. This is needed in order to unlock the revolutionary power of decentralized, composable apps at world scale.

Decentralized computation enables secure, censorship-resistant computation and creates a network effect for users and apps. We envision a world where app developers get the benefits of blockchains (composability; easy integration with existing apps; atomic execution of transactions; secure computation; and global coordination enabled by shared global state) in an environment that can scale to mass user adoption.

I started Monad with James Hunsaker - my friend and teammate since 2014 - after we realized that our collective two decades of low-latency systems engineering were relevant to addressing urgent bottlenecks in the base layer of decentralized compute. James and I met at Jump Trading, a leading automated trading firm, and together built a high-performance trading system powering thousands of strategies making hundreds of millions of trading decisions each day.

Today, Monad is a fast-growing venture-funded startup actively engaged in R&D of our next-gen platform. We're hiring across engineering (no crypto experience required) and business development (crypto-natives) - please send me a DM.