Original title: Web3 developer platform thirdweb completed round A financing of 24 million dollars, with a valuation of 160 million dollars
" Thirdweb has deployed about 150000 smart contracts on six blockchains. The project generates a total of $1.5 million per week. "
By Claire
Edited by: tuya
On August 25, the groundbreaking technology platform thirdweb, which is used to build NFT and Web3 applications, announced that it had completed round A financing of $24 million, with an estimated value of $160 million. This round of financing was led by Haun Ventures founded by Katie Haun, a former Andreessen Horowitz partner, and participated by Coinbase Ventures, Shopify, Protocol Labs, Polygon, Shrug VC, Joseph Lacob, etc.
Thirdweb plans to use this money to continue to enhance its developer toolkit. At present, the tool includes 10 functions such as smart contract, distributed login, and publishing tool. It plans to attract more users and develop its team through recruitment and acquisition. All these help make web3 more mainstream.
Thirdweb was founded by Furqan Rydhan and Steven Bartlett in 2021. Thirdweb is committed to building an infrastructure layer for Web3. Thirdweb provides developers with a full stack of Web3 development kits to reduce the time and cost required to build and start applications. Its functions include pre built smart contracts and templates, as well as any content required for developers to conduct decentralized blockchain coding, such as NFT launch, decentralized exchanges and games. Other tools include software development kits and dashboards for managing contracts on the chain.
Web3 is a term used by the supporters of decentralized technology based on blockchain, which refers to the new generation of networks that allow the creation of token economy and the automatic execution of smart contracts. Using Web3 applications, developers can create decentralized versions of traditional finance.
The market gap that thirdweb is addressing was discovered by Bartlett and Rydhan when they were building blockchain applications. Bartlett said, "We saw the hard work of building applications from scratch."
He compared the lack of tools that can be used to accelerate the work of blockchain with the early network. At first, people had to write websites and all their functions from scratch, but now they can integrate payment processes through several lines of code and an API connected to the technology built and operated by others, or use WordPress or Wix and other engines to build the entire website.
Therefore, Bartlett said“ We hope to provide blockchain developers with the same 、 Easy to use infrastructure and tools 。 ”
In the nine months since its inception, more than 55000 developers have used the tools of thirdweb to build NFT Drop and other Web3 applications. As of this week, thirdweb has deployed about 150000 smart contracts on six blockchains. The project generates a total of $1.5 million per week. Currently, no fees or commissions are charged on thirdweb.
Global brands such as Fnatic, Boohoo and New York Fashion Week are using thirdweb to support their Web3 launch. Thirdweb also recently announced the establishment of a partnership with Coinbase's NFT market to provide technical infrastructure for its artists' NFT launch.
Katie Haun, founder and CEO of Haun Ventures, said, "Our mission is to accelerate the development of the next-generation Internet. We believe that thirdweb will play a key role in achieving this goal. With the increasing complexity of Web3 development, the experienced team of thirdweb led by Furqan and Steven has built an elegant solution that allows developers to build quickly while avoiding costly mistakes 。 ” Go back to Sohu to see more
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