Fuel Labs Raises $80M in Funding with Alameda Research Involved

Fuel Labs announced that it has closed an $80m funding round co-led by Blockchain Capital and Stratos Technologies, with participation from Alameda Research, CoinFund, Bain Capital Crypto and others. Built by Fuel Labs, Fuel is a modular execution layer of blockchain, which aims to offer slicker execution without sacrificing the security and decentralization benefits of Ethereum.