Infrastructure company Flashbots raises $60M at $1B valuation, reports The Block.
The Series B round was attended by “leading venture capital firms”, L2 projects, business angels, developers of decentralized marketplaces and other applications.
The Flashbots team will use the raised funds to create a platform SUAVEoffering “faster and more private” blockchain transactions.
The project specializes in reducing the negative aspects of MEV, the “invisible tax” in Ethereum.
Earlier, Flashbots introduced a beta version of the MEV-Share protocol, which distributes the “maximum extractable value” among network users of the second largest cryptocurrency by capitalization.
Part of the Flashbots Protect project, MEV-Share is a remote procedure call tool that can be integrated into a wallet and used to protect against MEV bots.
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Infrastructure company Flashbots raises $60M at $1B valuation, reports The Block.
The Series B round was attended by “leading venture capital firms”, L2 projects, business angels, developers of decentralized marketplaces and other applications.
The Flashbots team will use the raised funds to create a platform SUAVEoffering “faster and more private” blockchain transactions.
The project specializes in reducing the negative aspects of MEV, the “invisible tax” in Ethereum.
Earlier, Flashbots introduced a beta version of the MEV-Share protocol, which distributes the “maximum extractable value” among network users of the second largest cryptocurrency by capitalization.
Part of the Flashbots Protect project, MEV-Share is a remote procedure call tool that can be integrated into a wallet and used to protect against MEV bots.
Found a mistake in the text? Select it and press CTRL+ENTER
Cryplogger Newsletters: Keep your finger on the pulse of the bitcoin industry!