Former Facebook crypto chief launches Bitcoin startup

Lightspark, a brand new bitcoin-focused startup launched by former Meta (Fb) crypto head David Marcus, is at present recruiting because it seems to construct round Bitcoin.

David Marcus, who headed Meta’s (previously Fb) cryptocurrency division, has introduced a brand new startup that targets constructing on the utility round Bitcoin.

Dubbed Lightspark, Marcus says the brand new firm will deal with the capabilities of Bitcoin’s Lightning Community.

“I needed to share that we’re beginning a brand new firm known as Lightspark to discover, construct and lengthen the capabilities and utility of Bitcoin,” the previous Fb exec famous in a tweet.

He added that the corporate’s “first step” includes “actively assembling a workforce to dive deeper into the Lightning Community.”

In remarks in regards to the present crypto market sell-off, Marcus stated:

“Downturns are good moments to deal with constructing and creating worth with mission-aligned folks. We’re excited to dive into Lightning, study extra, and work alongside the neighborhood. We’ll share extra about our work as we make progress!”

Lightspark has acquired backing in a financing spherical co-led by a16z and Paradigm, participation from Matrix Companions, Thrive Capital, Ribbit Capital and Coatue amongst different buyers.

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