Two former employees of Coinbase, one of the world’s largest cryptocurrency exchanges, received a seed investment of $5.3 million for their new project.
Founded by two former employees of Coinbase Scale3 Labs is establishing a new infrastructure that can be used by node operators in the blockchain industry.
According to the information learned today, the company received a total of $ 5.3 million worth of seed investment from Redpoint Ventures, Mysten Labs and Howard University.
Company founders Ola Muse and Karthik Kalyanaraman from their jobs at Coinbase in August they had separated. It took two months for these two to receive a seed investment for their new project.
The goal of Scale3 Labs is to make the operations of node operators more efficient.
In his statements to the press, Muse, one of the founders of the company, said that node operators are trying to update their nodes today. eight hours spentThanks to the infrastructure provided by Scale3 Labs, this time “under 20 minutes” He said he could get down.