Blockchain growth platform QuickNode has closed a $60 million spherical of funding as a part of a world growth geared toward bringing extra customers and builders to Web3 purposes.
The collection B elevate, which values QuickNode at $800 million, was led by enterprise capital agency 10T Fund, with participation from Tiger International, Seven Seven Six and QED, the corporate introduced on January 24.
QuickNode’s administration stated the capital would finance its world growth and expedite the transition to Web3 “at scale,” together with offering builders with the deployability wanted to onboard new blockchain customers.
Sequence B was the corporate’s largest funding spherical since October 2021, when it raised $35 million as a seven-month-old startup. Between uploads, QuickNode claims to have elevated its person base by over 400%. The corporate at present offers infrastructure providers for greater than 16 blockchain networks, together with Ethereum, Matic, Optimism, Arbitrum, and Solana.
VC funding for blockchain tasks has not too long ago dried up, however Web3-focused tasks proceed to draw curiosity. As BoxNews stories, Hong Kong funding fund HashKey Capital not too long ago closed a $500 million funding spherical to again promising Web3 tasks.
In Q3 2022, Web3 tasks accounted for roughly 44% of blockchain funding offers, in accordance with BoxNews Analysis. The caveat is that there’s nonetheless no universally accepted definition of Web3. For now, the idea refers to a future iteration of the Web that’s extra decentralized, permissionless, and user-centric.
Clarification: The data and/or opinions expressed on this article don’t essentially symbolize the views or editorial line of BoxNews. The data offered right here shouldn’t be taken as monetary recommendation or funding suggestion. All funding and business motion contain dangers and it’s the duty of every individual to do their due analysis earlier than investing choice.
Investments in crypto property will not be regulated. They will not be appropriate for retail buyers and your entire quantity invested could also be misplaced. The providers or merchandise supplied will not be directed or accessible to buyers in Spain.