Web3 developer platform Thirdweb raises $24 million at a $160 million valuation
余YU
2022-08-25 06:47
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Haun Ventures led the round, with participation from Coinbase Ventures and Shopify.

This article comes fromThe Block, original author: Tom Matsuda

Odaily Translator |

This article comes from

, original author: Tom Matsuda

Odaily Translator |

Thirdweb announced the completion of $24 million in financing at a valuation of $160 million, led by Haun Ventures, a cryptocurrency venture capital firm founded by former a16z partner Katie Haun. It is reported that Thirdweb is a platform designed to make it easier for developers to create Web3 applications.

According to the official announcement released on Thursday, Coinbase Ventures, Shopify, Protocol Labs, Polygon, Shrug VC, billionaire Joseph Lacob and others participated in the investment, and this round of financing closed last month. It is reported that Thirdweb was created by Bebo founder Furqan Rydhan and entrepreneur Steven Bartlett in the British entrepreneurial reality show Dragon's Den UK.

Thirdweb offers pre-built smart contracts for creating products as diverse as NFT Drops, marketplaces, a software development kit (SDK) for building products from scratch, and dashboards for development teams to track and manage contracts on-chain plate. Thirdweb says its offering is completely non-custodial and on-chain.

Furqan Rydhan said in an interview with The Block, "As a developer, when you think about Web3, the first question is that everything is different from what I used to know... If I want to create tokens, NFTs or wallets, How do I get started? Smart contracts are also far more sensitive than traditional Internet software development, where 'move fast, deliver fast, break things' is the motto for developers—whereas a bug on the blockchain could Will cost you $100 million."

While Thirdweb primarily targets Web3 entities (such as DAOs, multisig wallets, and on-chain teams), brands such as New York Fashion Week and Afterpay are also using its services to build Web3 services such as NFT mechanisms membership clubs and tickets , and a metaverse-like virtual world designed to increase fan interaction.Rydhan also mentioned a car company that is currently using its product to create a waiting list of NFTs for new model launches.

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