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Ethereum Development Firm Flashbots Eyes Unicorn Status as it Seeks to Raise $50M: Report

Ethereum research and development firm Flashbots is in discussions over a potential fund raise of up to $50 million, according to a report by The Block on Thursday.

The startup is aiming to raise between $30 million and $50 million at a valuation of $1 billion, according to the report, which citied people with knowledge of the talks. Crypto venture firm Paradigm has committed to leading the investment, the report added.

Flashbots aims to mitigate the issues associated with centralized Maximum Extractable Value (MEV) on the Ethereum blockchain.

(By Jamie Crawley)

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