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The Decentralization messaging protocol XMTP has completed a $20 million Series B funding round, led by a16z crypto and others.
Golden Finance reports that the decentralized messaging protocol XMTP's developer company Ephemera has completed a $20 million Series B funding round, led jointly by Union Square Ventures, a16z crypto, and Lightspeed Faction, with participation from Coinbase Ventures, Offline Ventures, Sound Ventures, and Distributed Global. After this funding round, Ephemera's equity valuation is $300 million, while the broader network covering the issuance of tokens by the XMTP protocol is valued at $750 million.