Former Fb 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 be constructing round Bitcoin.

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

Dubbed Lightspark, Marcus says the brand new firm will give attention to the capabilities of Bitcoin’s Lightning Community.

“I wished to share that we’re beginning a brand new firm referred to as Lightspark to discover, construct and develop the probabilities and usefulness of Bitcoin,” famous the previous Fb exec in a tweet

He added that the corporate’s “first step” is to “actively assemble a staff to dive deeper into the Lightning Community.”

Commenting on the present crypto market sell-off, Marcus mentioned:

Setbacks are good instances to give attention to constructing and creating worth with mission-oriented folks. We’re excited to dive into Lightning, study extra, and collaborate with the group. We’ll share extra about our work as we progress!

Lightspark has been supported in a funding spherical led by a16z and Paradigm, with participation from the likes of Matrix Companions, Thrive Capital, Ribbit Capital and Coatue.

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