TLDR:
– Elixir, a modular network project, raised $8 million in Series B funding, bringing its valuation to $800 million
– The funding was co-led by Mysten Labs and Maelstrom, with participation from Arthur Hayes’ family office and other investors
Elixir, a modular network project, has raised $8 million in a Series B funding round, co-led by Mysten Labs and Maelstrom. The funding has brought Elixir’s valuation to $800 million just ahead of its mainnet launch scheduled for August. The project aims to develop a decentralized network that enhances liquidity across order book exchanges, offering an alternative to traditional automated market maker decentralized exchange models. The funding will be used to further develop the network, with plans for native integrations and an innovative points-based system for user engagement. This round of funding marks a significant milestone for Elixir on its journey to unicorn status in the crypto space.
