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Monad

Monad is building an Ethereum virtual machine (EVM)-compatible Layer 1 blockchain designed to improve the overall Ethereum ecosystem. Monad enables parallel execution for EVM transactions that don’t have common dependencies.

Seed Round: $19 Million

Funding Round: $225 Million

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Overview

Project industryBlockchain Infrastructure
Product typeTechnology
FoundedUnited States
WhitepaperMonad White Paper Open

What is Monad

MONAD is a new proof-of-stake (PoS) blockchain and decentralized computation platform that combines the best of performance and portability.

Monad offers throughput that is orders of magnitude higher than any existing smart contract blockchain, supporting 10,000 smart contract transactions per second (tps) through algorithmic improvements to virtual machine design and Byzantine Fault Tolerant (BFT) consensus mechanisms.

Monad delivers this performance while maintaining full compatibility with the Ethereum Virtual Machine (EVM) bytecode - the standard widely used for smart contract implementation - and consequently with existing Ethereum dApps and tooling.

We are addressing a challenging problem with urgent and clear market need. Demand for decentralized computation from new, increasingly complex apps as well as new crypto users is snowballing. But existing systems have extremely limited capacity.

Details

Raised: 244,000,000 USD

Legal

Registration country: United States
Registration year: 2020

Project team

Keone Hon
Keone Hon
Co-Founder & CEO
Keone Hon linkedin
James Hunsaker
James Hunsaker
Co-Founder
James Hunsaker linkedin
Eunice Giarta
Eunice Giarta
Co-Founder, COO
Eunice Giarta linkedin
Ariq Chowdhury
Ariq Chowdhury
Founding Engineer
Ariq Chowdhury linkedin
Aashish Welling
Aashish Welling
Founding Engineer
Aashish Welling linkedin
Shea Williams
Shea Williams
Senior Staff Software Engineer
Shea Williams linkedin
Alexander Lee
Alexander Lee
Founding Engineer
Alexander Lee linkedin

Social media

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