In brief
- Stripe’s blockchain project Tempo has reportedly raised $500 million at a $5 billion valuation, in a Series A round co-led by Greenoaks and Thrive Capital.
- Tempo also hired Dankrad Feist, a leading Ethereum Foundation researcher, sparking debate across the crypto community.
- While Vitalik Buterin supported Feist’s move, others criticized it as a blow to open-source ideals in favor of corporate blockchains.
In a major show of force for Stripe’s upstart blockchain project Tempo, the company has reportedly raised $500 million—and nabbed one of the Ethereum network’s most prominent core developers, as well.
Tempo has raised the funds in a Series A round that now values the project at $5 billion, according to a Friday report in Fortune. The round was reportedly co-led by venture firm Greenoaks and Joshua Kushner’s Thrive Capital.
Stripe declined comment to Decrypt. Greenoaks and Thrive did not immediately respond to Decrypt’s requests for comment regarding the ra
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Author: Sander Lutz
