Web3 Developer Thirdweb Lands $24 Million Series A

<p><strong><span class&equals;"legendSpanClass"><span class&equals;"xn-location">SAN FRANCISCO<&sol;span><&sol;span><&sol;strong> &&num;8212&semi; <u>thirdweb<&sol;u>&comma; a technology platform for building NFT and Web3 apps&comma; has closed <span class&equals;"xn-money">&dollar;24 million<&sol;span> in Series A funding at a <span class&equals;"xn-money">&dollar;160 million<&sol;span> valuation&period; The round was led by Haun Ventures&comma; with participation from Coinbase Ventures&comma; Shopify&comma; Protocol Labs&comma; Polygon&comma; Shrug VC&comma; <span class&equals;"xn-person">Joseph Lacob<&sol;span> and others&period; thirdweb will use the funding to accelerate platform development to meet increasing demand&comma; add support for additional blockchains&comma; onboard hundreds of thousands of developers&comma; and ultimately bring Web3&&num;8217&semi;s inevitable future one step closer to mainstream adoption&period;<&sol;p>&NewLine;<p>&&num;8220&semi;Web3 is the most important technological shift I&&num;8217&semi;ve witnessed in my lifetime&period; We built thirdweb to give the builders that are creating this next iteration of the internet the tools they need to be successful&comma; and when they are successful&comma; the world as we know it will be remarkably different &&num;8211&semi; remarkably better&period; I don&&num;8217&semi;t think anybody quite realizes how much Web3 is going to change the world&comma;&&num;8221&semi; said <span class&equals;"xn-person">Steven Bartlett<&sol;span>&comma; co-founder of thirdweb&period;<&sol;p>&NewLine;<p>Founded in 2021 by <span class&equals;"xn-person">Furqan Rydhan<&sol;span> and <span class&equals;"xn-person">Steven Bartlett<&sol;span> with a seed funding round of <span class&equals;"xn-money">&dollar;5 million<&sol;span>&comma; from 20&plus; industry entrepreneurs like Gary Vaynerchuck and <span class&equals;"xn-person">Mark Cuban<&sol;span>&period; thirdweb is building the infrastructure layer for Web3&period; thirdweb gives developers a full stack Web3 development kit to significantly reduce the time and cost required to build and launch applications&period; thirdweb facilitates the creation of Web3 apps across the most-popular blockchains&comma; including blockchain games&comma; NFT drops&comma; DAOs&comma; token gated membership clubs and more&period;<&sol;p>&NewLine;<p>&&num;8220&semi;I backed thirdweb because I believe they have the talent&comma; tenacity and vision to create the infrastructure layer for Web3&period; Web3 is going to revolutionize multiple industries &&num;8211&semi; thirdweb&&num;8217&semi;s platform will enable that revolution&comma;&&num;8221&semi; said <span class&equals;"xn-person">Gary Vaynerchuk<&sol;span>&comma; founder and CEO of Vayner&sol;RSE who previously backed thirdweb&period;<&sol;p>&NewLine;<p>In just nine months&comma; over 55&comma;000 developers have used thirdweb&&num;8217&semi;s tools to build NFT drops and other Web3 applications&period; Over 150&comma;000 smart contracts have been deployed across many blockchains&comma; and thirdweb projects generate millions of dollars of revenue every week&period;<&sol;p>&NewLine;<p><i>&&num;8220&semi;<&sol;i>I&&num;8217&semi;ve built internet companies in dot-com&comma; Web2&comma; mobile and I&&num;8217&semi;m seeing the same patterns in Web3 which suggest this is going to transform the internet as we know it&period; thirdweb is building the infrastructure layer for Web3&comma; giving builders the tools to unlock the power of blockchain technology and accelerating them as they build the next world-changing companies&period; We&&num;8217&semi;re excited to expand our vision further and onboard the next 10 million developers onto Web3&comma;&&num;8221&semi; said Furqan Rydan&comma; founder of thirdweb&period;<&sol;p>&NewLine;