PayPal Bets on Chaos Labs, Co-Leads $20 Million Seed Funding for On-Chain Risk Optimiser

PayPal has co-led the funding round with venture capital firm Galaxy in collectively pledging $20 million (roughly Rs. 165 crore) towards Chaos Labs. Six angel investors joined the other 23 organisations that poured capital into Chaos Labs in its seed funding. These firms include Polygon, Coinbase Ventures, and OpenSea, among others.