# Mysten Labs powers $SNS

**Published by:** [Hokake](https://paragraph.com/@hokake-2/)
**Published on:** 2023-03-07
**URL:** https://paragraph.com/@hokake-2/mysten-labs-powers-sns

## Content

Mysten Labs CEO Seeking to Raise over $100 Million for a Web3 Fund Evan Cheng, CEO of Sui developer Mysten Labs, is seeking to raise over $100 million for a Web3 fund, according to The Block. Sui is a Layer 1 smart contract platform that claims to offer unprecedented low-latency for simple use cases by forgoing consensus to instead use simpler and lower-latency primitives. wwwsns.domains

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