Stripe’s Tempo Blockchain Secures Major Funding and Ethereum Talent
- Stripe’s blockchain project, Tempo, raised $500 million in a Series A round.
- The funding round was co-led by Greenoaks and Thrive Capital, valuing Tempo at $5 billion.
- Tempo hired Dankrad Feist, a prominent Ethereum Foundation researcher.
- Feist will remain an advisor to strategic initiatives at the Ethereum Foundation.
- Vitalik Buterin supported Feist’s move, while others criticized it as favoring corporate blockchains over open-source ideals.
Stripe’s blockchain initiative, Tempo, has made headlines with its successful $500 million funding round and the hiring of Ethereum researcher Dankrad Feist. This development highlights Stripe’s aggressive push into the crypto space and raises discussions on the balance between corporate and open-source blockchain projects.
With a valuation of $5 billion following this funding round, Tempo is poised for significant growth in the blockchain sector, particularly with Feist’s expertise now on board to enhance its development efforts. Source
