Founded Year

2022

Stage

Series A - II | Alive

Total Raised

$286.15M

Mosaic Score
The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.

+55 points in the past 30 days

About Category Labs

Category Labs specializes in decentralized systems within the blockchain technology sector. The company offers a layer 1 blockchain named Monad, which is compatible with the Ethereum Virtual Machine and supports 10,000 transactions per second with one-second block times and single-slot finality. Category Labs' solutions are primarily targeted at sectors that require blockchain infrastructure with a focus on performance and decentralization. Category Labs was formerly known as Monad Labs. It was founded in 2022 and is based in New York, New York.

Headquarters Location

New York, New York, 10018,

United States

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Category Labs's Products & Differentiators

    Monad

    High-performance smart contract blockchain

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Expert Collections containing Category Labs

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Category Labs is included in 2 Expert Collections, including Blockchain.

B

Blockchain

11,890 items

Companies in this collection build, apply, and analyze blockchain and cryptocurrency technologies for business or consumer use cases. Categories include blockchain infrastructure and development, crypto & DeFi, Web3, NFTs, gaming, supply chain, enterprise blockchain, and more.

U

Unicorns- Billion Dollar Startups

1,270 items

Latest Category Labs News

Check Your 1 Million Nads NFT Airdrop on Monad

Mar 30, 2025

The NFT’s Role in Potential Airdrops There’s speculation that holding the “1 Million Nads” NFT might be a key factor in qualifying for Monad’s future airdrops. This could be part of a strategy to filter out bots and reward genuine community engagement. Similar Past Campaigns: Aptos previously launched a similar campaign where users who minted and held a commemorative NFT were later airdropped around 500 APT , worth over $1,500 at the time. Monad Testnet Is Still Ongoing Users can still interact with Monad’s ecosystem by exploring and testing projects live on the testnet. However, keep in mind: While there are rumors that testnet participation won’t guarantee an airdrop, some community members believe an airdrop is still highly likely. Why a testnet airdrop makes sense: As a new Layer 1 blockchain, Monad is focused on building a fair and transparent image. Testnet users are early supporters — a valuable group for community building. Distributing tokens to testnet participants also helps increase the initial number of holders, which is a key metric for any L1 project. Other Potential Airdrop Criteria In addition to testnet participation and holding the “1 Million Nads” NFT, several other actions and assets may influence a user’s eligibility for future Monad airdrops. These include: Community Role (Nads Role on Discord) Active participation on Monad’s social channels can earn users the Nads role in the official Discord. This path is ideal for those skilled in content creation or community engagement. By contributing through posts, discussions, and sharing updates, users may be granted this role — which is believed to be a strong signal for airdrop eligibility. Although the Monad community is growing rapidly, the number of OG roles distributed so far remains under 1,000. This presents a valuable opportunity for new contributors to take initiative. Notably, the OG role is currently being traded OTC for $2,000–$3,000, further signaling its perceived value. Difficulty: High Stake-to-Airdrop Given Monad’s association with the Jump ecosystem, staking relevant tokens like W  or PYTH  may increase a user’s chances of receiving an airdrop. Previously, Wormhole rewarded the top 10,000 $PYTH stakers with an airdrop — setting a potential precedent. Current benchmarks for the top 10,000 stakers: $PYTH: ~$1,600 Difficulty: Moderate to High (Capital-dependent) Estimated Airdrop Likelihood: 50–60% Hold-to-Airdrop MadLads Highly likely to be included. Monad has invested in Backpack — which serves as its primary wallet — and MadLads is closely tied to the Backpack ecosystem. Difficulty: High (High cost entry) Estimated Airdrop Likelihood: 90% Pythenians Closely aligned with the Pyth Network, which itself has strong ties to Monad. Although the community isn’t currently deeply involved in Monad-related activities, its positioning within the Jump ecosystem still makes it a potential candidate. Difficulty: Medium Pudgy Penguins & Wassies Both projects have founders who are angel investors in Monad. This indirect connection may increase the likelihood of inclusion. Difficulty: Medium to High Conclusion The “1 Million Nads” NFT is not just a commemorative drop — it may be part of a broader, curated airdrop strategy by Monad. Monad encourages users to stay engaged with the ecosystem and monitor the evolving eligibility criteria. Disclaimer NFTevening is an award-nominated media outlet that covers NFTs and the cryptocurrency industry. Opinions expressed on NFTevening are not investment advice. Before making any high-risk investments in cryptocurrency or digital assets, investors should conduct thorough research. Please be aware that any transfers and transactions are done at your own risk, and any losses incurred are entirely your responsibility. NFTevening does not endorse the purchase or sale of any cryptocurrencies or digital assets and is not an investment advisor. Additionally, please note that NFTevening participates in affiliate marketing. Most Read

Category Labs Frequently Asked Questions (FAQ)

  • When was Category Labs founded?

    Category Labs was founded in 2022.

  • Where is Category Labs's headquarters?

    Category Labs's headquarters is located at New York.

  • What is Category Labs's latest funding round?

    Category Labs's latest funding round is Series A - II.

  • How much did Category Labs raise?

    Category Labs raised a total of $286.15M.

  • Who are the investors of Category Labs?

    Investors of Category Labs include OKX Ventures, Castle Island Ventures, Wintermute Ventures, Ansem, Hsaka and 25 more.

  • Who are Category Labs's competitors?

    Competitors of Category Labs include Polygon and 2 more.

  • What products does Category Labs offer?

    Category Labs's products include Monad.

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