Decentralized messaging protocol XMTP completes $20 million Series B financing, led by a16z crypto and others
Odaily News Ephemera, the developer of the decentralized messaging protocol XMTP, has completed a $20 million Series B financing round led by Union Square Ventures, a16z crypto and Lightspeed Faction, with participation from Coinbase Ventures, Offline Ventures, Sound Ventures and Distributed Global. After this round of financing, Ephemeras equity valuation is $300 million, while the broader network covering the XMTP protocol that will issue tokens is valued at $750 million.
The XMTP protocol has now been integrated into Coinbases newly launched Base application, upgrading from an optional feature to core infrastructure. The protocol provides end-to-end encrypted communication services and supports secure interactions between wallet addresses. The test network was launched in February this year. Ephemera said it will expand the team size to promote the launch of the protocol mainnet and ecological construction. USV partner Fred Wilson will join its board of directors. (The Block)
You may also like
WEEX Global Journey 2025: Connecting the World of Web3
WEEX’s H2 2025 global tour is hitting top blockchain stages and exclusive community meetups worldwide — connecting with real builders, sparking honest conversations, and creating lasting trust. Our mission: make trading simpler, confidence stronger, and crypto trusted across the globe.

Dogecoin Active Addresses Explode by 528% – Is a Massive DOGE Price Rally on the Horizon?
As of August 8, 2025, Dogecoin is capturing attention once again with its price showing renewed vigor following…

Rapid Crypto Laundering Reveals Centralized Exchange Weaknesses in 2025 — Fresh Insights
Imagine waking up to news of a massive crypto hack, only to learn that the thieves have already…

Why Is Dogecoin (DOGE) Price Surging Today?
Dogecoin is making waves once again, with its price climbing steadily today, fueled by the rollout of a…

Dogecoin Price Signal That Sparked 340% Rally in 2024 Is Flashing Again Today – August 6, 2025
Imagine spotting a hidden clue in the charts that whispers of massive gains ahead, much like finding a…
Gainers
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Services:support@weex.com