25 August 2022, San Francisco — Thirdweb, a ground-breaking platform for creating Web3 and NFT apps, announced that it had secured a USD 24 million Series A round of funding at a USD 160 million value. Haun Ventures served as the round’s lead investor, and other investors included Coinbase Ventures, Shopify, Protocol Labs, Polygon, Shrug VC, Joseph Lacob, and others.
With the money, thirdweb will speed up platform development to keep up with rising demand, support more blockchains, bring thousands of new developers, and ultimately move Web3’s inevitable future one step closer to widespread acceptance.
Steven Bartlett, a thirdweb co-founder:
“The biggest technological change I’ve seen in my lifetime is Web 3. We created thirdweb to provide the developers of the upcoming internet with the tools they need to succeed. Once they do, the world we currently know will be notably different and amazingly better. Nobody seems to fully get how much Web3 would alter the world.”
Gary Vaynerchuk, founder, and CEO of Vayner/RSE and a former thirdweb investor:
“I invested in thirdweb because I think they have the skills, determination, and vision necessary to develop the Web3 infrastructure layer. Multiple industries will be transformed by Web3; thirdweb’s platform will make this possible.”
Over 55,000 developers have created NFT drops and other Web3 apps using thirdweb’s tools in just nine months. Numerous blockchains have deployed over 150,000 smart contracts, and thirdweb initiatives bring in millions of dollars per week.
Haun Ventures’ founder and CEO, Katie Haun:
Our goal is to hasten the development of the internet’s next generation, and we think thirdweb will be essential to achieving that goal. The skilled team at thirdweb, led by Furqan and Steven, has created an intuitive solution that enables developers to build quickly while avoiding expensive mistakes as the complexity of developing in Web3 continues to rise. I’m glad to see established entrepreneurs of this quality dedicate their upcoming work to cryptocurrency, and I look forward to assisting them. —
Thirdweb is used by major international brands, including Fnatic, Boohoo, and New York Fashion Week, to power their Web3 launches. The technical foundation for thirdweb’s artists’ NFT drops will be provided by cooperation with Coinbase’s NFT marketplace, which was recently disclosed.
Furqan Rydhan and Steven Bartlett raised USD 5 million in seed funding for their 2021 startup from 20+ business leaders, including Mark Cuban and Gary Vaynerchuck. The infrastructure layer for Web3 is being constructed by thirdweb. To drastically cut the time and expense involved in creating and launching applications, thirdweb provides developers with a full-stack Web3 development kit.
Thirdweb enables the development of Web3 applications for the most well-liked blockchains, including token-gated membership clubs, NFT drops, blockchain games, and more.
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