Adeniyi Abiodun On Raising $336 Million With His Team To Build An Infrastructure And Tools To Decentralize The Internet And Make It Secure And User-Friendly
Update: 2024-10-24
Description
Adeniyi Abiodun’s career is a tale of foresight, adaptability, and relentless pursuit of innovation, from his early fascination with astrophysics to building large-scale Bitcoin mining operations.
Along with his team at Mysten Labs, Co-Founder and Chief Product Officer Adeniyi is now launching groundbreaking decentralized protocols. His journey showcases the boldness of a true visionary.
Mysten Labs has attracted funding from top-tier investors, such as FTX Ventures, Greenoaks Capital Partners, Dentsu Ventures, and Franklin Templeton Investments.
In this episode, you will learn:
- Adeniyi Abiodun pivoted from astrophysics to engineering, finding a passion for building tangible solutions.
- He co-founded one of the earliest large-scale Bitcoin mining companies, Cloud Hashing, which evolved into Peernova.
- Frustrated with Bitcoin’s slow progress, he transitioned to working with corporate giants like Oracle, VMware, and Meta to explore blockchain solutions.
- Abiodun co-founded Mysten Labs, which launched the Sui protocol, aiming to decentralize digital asset management.
- Sui has grown to power billions of transactions, backed by over $336M in venture capital funding.
- Mysten Labs’ vision is to create a decentralized internet where users can control their assets without needing wallets or private keys.
- Abiodun believes decentralized storage will address the current vulnerabilities in data storage platforms like Dropbox and Google.
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