Announcing $24m Series A: Accelerating the adoption of web3 with Haun Ventures, Coinbase, Shopify, and Polygon

Today we're excited to announce our Series A led by Haun Ventures, with participation from Coinbase Ventures, Shopify, Polygon, Protocol Labs, Shrug VC, Joseph Lacob and other industry leaders.

We’ve raised $24m to accelerate the adoption of web3 by providing developers, creators, artists and brands with the tools to build and launch web3 apps.

When we launched thirdweb, web3 was a groundbreaking new technology in its early stages. Developers were experimenting with new applications, however a fragmented and complicated workflow was stifling innovation.

Our mission was to simplify the web3 development workflow and equip builders with SDKs & components to develop applications with real, tangible value.

Since then, over 55,000 unique wallets have used thirdweb to deploy over 200,000 smart contracts across multiple blockchains. Our tools have supported NFT Drops, DAOs, Blockchain games, token gated membership clubs, web3 startups and more.

The ecosystem is maturing. Today, web3 development is moving away from speculative drops designed to generate short-term wealth, and towards projects designed through a lens of long-term sustainability and value-creation for the industry.

Current market conditions, rife with high profile protocol collapses and online skeptics, would lead you to believe that the web3 ecosystem is struggling. Our data paints a different picture.

The worlds biggest brands are joining exciting web3 startups already building in the space. In only a few months, we’ve powered genesis launches ranging from esports teams and pro sports athletes to lifestyle and fashion brands — and there are no signs of the momentum stopping.

Active contracts (contracts with activity in the last 24 hours) built using our tools have doubled since May, and in the last 30 days over $1.5m was generated by thirdweb builders.

We believe we’re at an inflection point and now is the time to aggressively double down on builders in web3. We've selected partners for our Series A who will accelerate our growth with strategic integrations and collaborations.

Katie Haun and the Haun Ventures team have a track record of investing and growing the biggest crypto projects over the last 10 years. They share our unwavering conviction in arming web3 builders with the tools they need and are equally unfazed by recent movement in the markets.

We're excited to deepen our relationship with Coinbase to explore further integrations which will expand the tools they provide to the web3 ecosystem.

Today marks the beginning of our partnership with the biggest e-commerce company in the world, Shopify. Together we will accelerate the Shopify developer ecosystem by adding powerful web3 functionality to their tech stack.

We’re also honored to welcome investment in our Series A from Protocol Labs, Polygon, Shrug VC, Joseph Lacob, and others. Their insight and experience will play a pivotal part in our next stage of growth.

The funds will be used to accelerate platform development to meet increasing demand, scale our growth engine, add support for additional blockchains and ultimately bring Web3’s inevitable future one step closer to mainstream adoption.

If you’re interested in joining our world class team on this mission, we’re hiring across the organization.