Modular blockchain Fuel developers complete $80 million funding, led by Blockchain Capital and others

Chain Catcher News, modular blockchain developer Fuel Labs announced the completion of an $80 million financing round, led by Blockchain Capital and Stratos Technologies, with participation from Alameda Research, CoinFund, Bain Capital Crypto, TRGC, Maven 11 Capital, Blockwall, Spartan, Dialectic, and ZMT.

It is reported that Fuel Labs is a startup aimed at accelerating crypto transactions, hoping to provide the best experience for developers in the blockchain space through its "Modular Execution Layer (MEL)." Previously, in September 2021, Fuel Labs raised $1.5 million in funding, led by CoinFund, with participation from Fenbushi Capital and Origin Capital. (The Block)