thirdweb, a technology platform for building NFT and Web3 apps, has closed a $24 million Series A funding at a $160 million valuation, led by Haun Ventures, Coinbase Ventures, Shopify and Polygon.
thirdweb will use the funding to accelerate platform development to meet increasing demand, add support for additional blockchains and grow the user base by onboarding hundreds of thousands of new brands, individuals and creators, driving mainstream adoption of Web3.
Founded in 2021 by Steven Bartlett and Furqan Rydhan with a seed funding round of $5 million, from 20-plus industry entrepreneurs including Gary Vaynerchuck and Mark Cuban, thirdweb is building the infrastructure layer for Web3. The platform empowers users to unlock a full stack Web3 development kit to significantly reduce the time and cost required to build and launch applications. thirdweb facilitates the creation of Web3 apps across the most-popular blockchains, including blockchain games, NFT drops, DAOs, token gated membership clubs and more.
In just nine months, over 55,000 developers have used thirdweb’s tools to build NFT drops and other web3 applications. Over 150,000 smart contracts have been deployed across 6 different blockchains, and every week thirdweb projects generate over $1.5 million in revenue.
