XMTP developer Ephemera completes $20.00 million Series B funding round, led by a16z crypto and others

According to The Block, Ephemera, the core developer of the decentralized messaging protocol XMTP, has completed a $20 million Series B funding round co-led by Union Square Ventures, a16z crypto, and Lightspeed Faction, with participation from Coinbase Ventures, Offline Ventures, Sound Ventures (founded by Ashton Kutcher and Guy Oseary), and Distributed Global. This round of financing values the equity at $300 million and the network at $750 million, with USV's Fred Wilson joining its board. XMTP is being relaunched in Coinbase's new Base application, transitioning from an optional tool to native infrastructure. [Foresight News]