Former Andreessen Horowitz executives launch Bastion after $25 million funding round

THE Web3 to start up came out of stealth fashion After A seed funding round directed by a16z crypto, allow companies has to integrate web3 Infrastructure In their existing business technologies.

Two ancient executives Since Andreessen Horowitz (a16z) crypto division to have managed has increase $25 million In seed funding For their newly spear Web3 to start up Bastion — despite THE recent drought In adventure capital funding.

On Seven. 18, THE new farm, Bastion, announcement THE launch of It is product following. THE the company aim East has enable companies has to integrate Web3 Infrastructure In their existing business technologies.

Bastion was co-founded by two ancient executives with a16z crypto division, including ancient chief technology officer Riyaz Faizullabhoy And ancient chief security officer Nasim Eddequiouaq WHO LEFT THE farm In April.

THE $25 million funding round was directed by their ancient employer, a16z crypto. Nomura Groups Laser Digital Companies, Robot Companies, Aptos Companies, And Alchemy Companies, were Also investors In THE seed funding round.

In A statement, Bastion said THE funding will be used has ladder business the operations, recruit high engineering Talent, And secure additional Licence has further to diversify It is product offers.

Bastion co-founder Faizullabhoy added that THE successful funding round came despite A in progress crypto winter.

"He was clear that even as crypto came back down In another bear walk, This time crypto East very a lot here has stay."

Cryptocurrency adventure funding has fallen dramatically This year. According to has DéfiLlama, ...