• Blockchain Developer QuickNode Raises $60M, Doubling Down on Web3

    Fast take:

    • QuickNode has introduced a $60 million investment spherical.
    • The Sequence B spherical was once led by means of virtual property funding corporate 10T holdings.
    • QuickNode is a multi-chain blockchain infrastructure platform that provides trustless scalability for dApps.

    QuickNode has raised $60 million in a Sequence B investment spherical led by means of 10T Holdings. The blockchain infrastructure platform permits multi-chain deployment of extremely scalable developer apps (dApps). 

    10T joins a rising checklist of backers and companions that come with the main NFT market OpenSea, the sector’s second-largest crypto change platform Coinbase, in addition to, crypto analytics and insights platform Chainalysis and Dune Analytics, amongst others.

    QuickNode introduced 5 years in the past with the venture of revolutionising the web. The corporate’s platform is constructed at the premise of selling person possession, privateness and freedom on the web. 

    The newest fundraising can be used to boost up the implementation of this venture, advancing the theory of a wiser and extra equitable web in a bid to onboard plenty onto web3.

    Describing the function blockchain generation performs within the corporate’s venture, Dmitry Shklovsky,

    Co-founder of QuickNode wrote: “We will program accept as true with digitally and protected it the usage of an impressive, decentralized community of pc {hardware} – in real-time. What required massive corporations and organizations to furnish & function can now be performed with blockchain protocols, open-source code, and volunteers from around the globe.”

    The fundraising comes at a time when the crypto business is experiencing a downturn. Then again, Dmitry notes that the power to lift capital in this sort of difficult marketplace illustrates QuickNode’s resilience and power. “the power to climate any hurricane and proceed.”

    “Now’s the time to double down at the foundations of Web3. We aren’t any much less satisfied lately than in 2017 that blockchain is the underlying generation that can energy the way forward for the web,” he added.

    QuickNode supplies a developer toolkit that allows creators and builders to temporarily release extremely scalable web3 initiatives. The corporate finished seed and Serie A investment rounds in 2021, which it used ultimate yr to scale its group by means of 300% and ramp up the person base by means of 400%.

    QuickNode additionally beefed up its platform including fortify for 6 extra blockchains, obtaining web3 analytics platform Icy.equipment, and including 5 new merchandise together with NFTs & Token API, Fast Alert Webhooks and QuickNode Market, amongst others.


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