When it comes to crypto investing, the easiest way to get caught in a trap is by encountering projects that lack real technology and just want to raise quick funds and run. To determine whether a project is worth holding long-term, examining its funding background is often the most direct and effective method.

Today, let's talk about the backers behind Walrus (WAL)—how hardcore are these institutional platforms? After reading this, you'll understand why the current price of $0.15 might be undervaluing the vision of these investors.

**Mysten Labs' Major Project**

First, it's important to clarify that Walrus is not an outsider project that suddenly appeared. It was developed by the same team behind Mysten Labs. When mentioning Mysten Labs, many are more familiar with its other identity—the builder of the Sui blockchain. The core team of Mysten Labs comes from Meta (formerly Facebook), which inherently carries top-tier tech industry credentials.

From another perspective, the capital invested into the Mysten Labs ecosystem is essentially continuously fueling the development of the Walrus sub-project.

**Joint Platform of Top-tier Capital**

Looking at the list of institutions involved in Walrus's funding rounds reveals its significance. a16z (Andreessen Horowitz)—a top player in Silicon Valley's investment scene, known for backing numerous blockbuster projects in Web3.

Having these institutions simultaneously backing a project indicates that it has passed extensive due diligence. To some extent, their participation itself is a vote of confidence in the project's prospects. This isn't retail investors blindly following the trend; it's institutional-level investment logic at work.

With solid technical foundations, a reliable founding team, and heavyweight backers, the $0.15 price truly warrants a re-evaluation.