Monad Labs, founded in 2022 and headquartered in New York City, New York, United States, is a layer1 smart contract blockchain platform designed for developers. The company has raised $248M, including a Series A on May 21, 2024, achieving a $3B valuation as of March 2024. Monad Labs focuses on performance-oriented architecture, scalability, and secure transaction execution, providing a robust foundation for decentralized applications. With backing from Greenoaks and Naval Ravikant, it aims to expand developer adoption and lead in blockchain infrastructure innovation.