On May 22nd, OKX Ventures announced a strategic investment in Monad. Monad is a one-layer blockchain that optimizes the architecture of EVM through "parallel EVM" + "parallel access state database" + "high-performance HotStuff consensus" to achieve over 10,000 tps of throughput, 1-second block time and single-slot finality, while maintaining backward compatibility with EVM smart contracts and Ethereum infrastructure such as MetaMask or Etherscan.
Dora Yue, founder of OKX Ventures, said: "Monad's innovation and technical prowess will provide a solid foundation for driving innovation in Web3. We look forward to working with Monad to help drive the future of decentralized computing. OKX Ventures' investment will provide Monad with the necessary resources and support to accelerate the development of its platform and expand its influence in the blockchain community to provide more efficient and scalable decentralized applications to developers and users worldwide."
OKX Ventures Strategic Investment Monad
2024-05-22 09:01:54
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