Creator of the Sui blockchain, Mysten's CEO is optimistic crypto will turn a corner and evolve from highly-speculative to merit based.
Money has been tight since the hype-driven crypto bull run subsided months ago, but investment capital will once again begin to flow, deployed more strategically and with added caution, Mysten Labs CEO Evan Cheng told The Block in an interview.
Cheng has plenty of experience interacting with investors interested in web3. Besides closing a $300 million round in 2022 that included the participation of Andreessen Horowitz's a16z crypto unit, the executive was also said to be pitching, earlier this year, a web3 fund valued at more than $100 million.
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