Web3 developer platform quick node announced Wednesday that it has raised $60 million in Series B funding.led the round 10T Holdings With the participation of Protocol Labs, tiger global management When Seven Seven SixThe company is currently valued at $800 million.
The Miami-based startup’s recent round follows a $35 million Series A funding round in 2021. In one year, QuickNode has grown its user base by 400% and now provides infrastructure for 16 blockchains.
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The web of web3 intertwined
Since then, the buzzy Web3 world has grown ethereum co-founder Gavid Wood In 2014, he uttered the words describing the future of the Internet, which will live entirely on the blockchain.
In 2022, US-based Web3 startups have raised about $2.3 billion. This is the best year ever in the space, more than doubling his 2021 amount raised. Web3 has led to the rise of companies such as: block oneis a blockchain technology developer that has raised $4.1 billion since its inception in 2016.
But the industry faces a much more hostile reality today. Funding a Web3 Startup Plunge 74% Q4 2022. FTXa crypto trading network that has raised billions of dollars just go bankrupt It was one of several blockchain-related companies to struggle last year with the public collapse.
Nonetheless, QuickNode says its revenue grew 300% last year. And in a statement, the CEO Alex Nabutovsky said the road to Web3 is inevitable.
“The industry is about to enter its next era. With this funding, we are poised for widespread adoption of blockchain technology in 2023 and the rest of the decade,” said Nabutovsky. . “We are proud to help our customers reach their full potential and move the industry forward.”
Illustrated by Dom Guzman
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