Ex-Coinbase employees raise $5.3 million for Web3 startup Scale3 Labs
The Scale3 Labs startup, founded by former Coinbase employees, raised $5.3 million in a seed round from Redpoint Ventures and other investors. The funds will be used to build infrastructure for uninterrupted operation of node operators, The Block reports. Mysten Labs and Howard University also provided financing. According to Scale3 Labs' founders, the startup promises to speed up the 'ultra-complex' process of updating nodes from eight hours to less than 20 minutes…
