Ephemera has closed a $20 million Series B funding round, with USV, a16z crypto, and Lightspeed Faction co-leading the investment.

July 17th, according to The Block, decentralized messaging protocol XMTP developer Ephemera has completed a $20 million Series B funding round aimed at establishing and developing its ecosystem.

This funding round was 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.