Wormhole Labs CEO Saeed Badreg will give a speech titled "Bridging Realms: Navigating Interoperability with Wormhole" at Pyth 2023 Developer Conference - Data Driven 2023, which will be held on December 5-6. Previously, Wormhole announced that it had completed a financing of $225 million with a valuation of $2.5 billion, and established Wormhole Labs, making it the largest encrypted project financing in 2023, with Saeed Badreg as CEO.<br>Pyth 2023 Developer Conference: Data Driven 2023 will be held entirely online on December 5-6, 2023. Heavyweight guests such as Douro Labs co-founder and CEO Mike Cahill, CTO Jayant Krishnamurthy, OKX Chief Innovation Officer Jason Lau, Injective co-founder and CEO Eric Chen, and Backpack co-founder Tristan Yver have all confirmed that they will give speeches at the conference.

Wormhole, a messaging protocol startup, has raised $225 million in funding at a $2.5 billion valuation, making it the largest round in the Web3 space this year. The funding round included investors such as Coinbase Ventures, Jump Trading, Multicoin Capital, and Arrington XRP Capital, with their stakes consisting of token warrants for a yet-to-be-unveiled cryptocurrency. The Wormhole team has also announced the launch of Wormhole Labs, an independent company focused on building products and tools to help grow cross-chain development. Despite a slow year for funding in the Web3 sector, this round is exceedingly large and demonstrates continued interest in blockchain technology.

On November 29th, according to Fortune, Wormhole completed a $225 million financing with a valuation of $2.5 billion and completed its split with Jump Crypto.

According to official sources, Cosmos ecosystem DeFi public chain Kujira has integrated cross-chain protocol Wormhole, which supports bridging external assets to Kujira. The first supported asset is SOL. Kujira states that the easiest way for users to transfer SOL to the Kujira network is to directly deposit it using Sonar Wallet. Users can also use Portal Bridge for bridging.

Insiders revealed that Jump Trading has divested its Wormhole business, with Wormhole executives including CEO Saeed Badreg and COO Anthony Ramirez resigning in recent weeks to operate Wormhole as an independent entity. Jump previously injected about $320 million into Wormhole after the project suffered a large-scale hack two years ago. Wormhole is part of Jump Crypto, which has been shrinking along with its parent company's reduced investment in the cryptocurrency market this year. Insiders said that after the split, the number of employees at Jump Crypto has decreased by about half since reaching a peak of around 150 in 2022.