Unto Labs, a new cryptocurrency venture founded by ex-Jump Crypto personnel, has successfully secured $14.4 million in funding, according to Fortune. This substantial investment, spearheaded by Framework Ventures and Electric Capital, values the company at an impressive $140 million. Funding for Expansion The primary purpose of this funding round is to fuel Unto Labs' expansion. Currently operating with a lean team of five, the company plans to double its workforce to ten by the end of the year. This expansion will likely involve hiring specialized talent in areas such as blockchain development, security, and marketing. Unto Labs' Future in Crypto While details about Unto Labs' specific projects are still emerging, the backing from prominent venture capital firms like Framework Ventures and Electric Capital signals strong confidence in their vision. With the infusion of capital and a growing team, Unto Labs is poised to make significant contributions to the evolving cryptocurrency landscape. Their background at Jump Crypto suggests a focus on sophisticated trading strategies and market-making infrastructure, potentially addressing key challenges within the digital asset ecosystem. ```