Haun Ventures, the crypto investment firm founded by former a16z partner Katie Haun, has invested $24 million in Web3 developer platform Thirdweb.
Coinbase Ventures, Shopify, Protocol Labs, Polygon, Shrug VC and billionaire Joseph Lacob also participated in the fundraising round.
ThirdWeb Valued $160 Million
Katie Haun’s Haun Ventures has made a $24 million investment in Thirdweb, a platform aimed at making it easier for developers to build Web3 applications, at a valuation of $160 million.
Coinbase Ventures, Shopify, Protocol Labs, Polygon, Shrug VC and billionaire Joseph Lacob also joined the round that closed last month, according to the announcement made recently. The company was founded by Furqan Rydhan, founder of Bebo, and entrepreneur Steven Bartlett from Dragon’s Den England.
Thirdweb offers prebuilt smart contracts for building products ranging from NFT to a marketplace, software development kits (SDKs) for building products from scratch, and a dashboard for developer teams to monitor and manage on-chain contracts. The company says the products it offers are completely unattended and on chain.
Furqan Rydhan said in an interview on the subject:
“As a developer, when you think of Web3, the first problem is that everything is different from what I’ve learned before. My first question was how do I get started if I want to create a token, NFT or wallet”
Rydhan also added:
“Smart contracts are much more sensitive than developing traditional internet software where the developer motto is ‘move fast, send fast and spoil things’. A mistake in the blockchain could cost you $100 million”
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