Ex-employees of Cryptohypex raised $1.3 million for web3 startup

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Crypto Regulation
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Founded by former CryptoHypex specialists, startup Scal Labs has raised $1.3 million in a seed round from Redpoint Ventures and other investors. The funds will be used to build infrastructure to keep node operators running smoothly, The Block writes.

Mysten Labs and Howard University also provided funding.

According to the founders of Scal Labs, the startup can speed up the "ultra-complex" process of updating nodes from eight hours to "less than 20 minutes."

This is possible by using a platform that does all the internal work and provides direct links for updates. The App Store does the same thing.

Scal has developed a monitoring dashboard that provides real-time updates.

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Anthony Cuthbertson

Anthony is an experienced writer, interested in everything decentralized since 2019. Before joining Crypto.News, he wrote for some of the top DeFi and CeFi outlets, bringing in millions of views and educating readers with his knowledge of the industry.