Odaily Planet Daily News - The decentralized messaging protocol XMTP developed by Ephemera has completed a $20 million Series B funding round, led by Union Square Ventures, a16z crypto, and Lightspeed Faction, with participation from Coinbase Ventures, Offline Ventures, Sound Ventures, and Distributed Global. After this funding round, Ephemera's equity valuation is $300 million, while the broader network encompassing the token-issuing XMTP protocol is valued at $750 million. The XMTP protocol has now been integrated into Coinbase's newly launched Base application, upgrading from an optional feature to core infrastructure. The protocol offers end-to-end encrypted communication services, supporting secure interactions between wallet addresses, and the testnet was launched in February this year. Ephemera has stated that it will expand its team to promote the mainnet launch of the protocol and ecosystem development. USV partner Fred Wilson will join its board. (The Block)