Yida Gao, Shima Capital Celebrate Investment in Monad Labs, Building the App Store for Web3
The venture capital firm joins dozens of other investors in new Layer 1 project
By: Shima Capital
Monad is a Layer 1 EVM-compatible blockchain that is rethinking what can currently be done on EVM chains, including Ethereum itself. Keone Hon, co-founder and CEO of Monad Labs, told TechCrunch, "We're ultimately building a platform to optimize both consensus and execution […] which ultimately results in a system that can process a billion transactions per day and 10,000 transactions per second."
"The world of web3 is ready and waiting for a platform to replace Ethereum's high costs and low throughput,"
Monad Labs is the team that supports Monad the blockchain, and with help from his own team, Yida Gao is excited to continue supporting Monad Labs as they navigate new territory in the quest to unseat Ethereum as the unquestioned leader in decentralized applications. Shima Capital adds value for portfolio companies by advising on technology, token economics, marketing, and by making further introductions to their vast network of partners.
For more on Shima Capital, visit www.shima.capital. For more on Monad, visit www.monad.xyz.
About Shima Capital
Shima Capital is a leading early stage VC firm, founded by Yida Gao in 2021, investing in disruptive blockchain companies. The fund is deeply focused on taking a hands-on approach and working closely with its portfolio companies to provide the most sweat equity per dollar invested. As teams in Web3 push the frontier of innovation, Shima helps hire talent, build community, amplify narratives, and foster the acceleration of technical research and development. Shima is composed of seasoned investors, accomplished operators, and former founders who align on a mission to support all-star teams with building and scaling generational companies. For more https://shima.capital/