July 10, 2024
ThirdFi, a startup specializing in web3 infrastructure with the goal of making decentralized finance more user-friendly through API, has raised $2 million in THI token funding. This funding will be used to expand its operations in the emerging blockchain AI market, which the company predicts will reach $2.7 billion by 2031.
Project | Latest Raise | Latest Raise Date | Stage | Category |
|---|---|---|---|---|
ThirdFi | $2M | July 10, 2024 | Token Funding | Web3 |
ThirdFi announced that the funding round was backed by several investors, including Techstars, Chainlink, Outlier Ventures, Alphabit Capital, and others. Following this recent influx of capital, ThirdFi states that its fully diluted value has skyrocketed to $20 million, a feat achieved after two years of development during a bear market.
Established in 2022, ThirdFi has successfully built a community of over 170,000 users and has facilitated transactions worth more than $46 million on mainnet and layer-2 through collaborations with over 50 web3 communities and protocols.
About ThirdFi
ThirdFi is Web3 Infrastructure Protocol Provider that aims to empower decentralized finance (DeFi) with a focus on interoperability and middleware solutions with developer-friendly API implementations. The company was established to meet the growing need for a more secure and robust infrastructure in the face of exponential growth in DeFi and digital assets.
The Singapore-based company, ThirdFi, is working towards facilitating seamless connectivity between public usage and decentralized finance (DeFi) through AI Agents. They have integrated with more than 10 L1/L2 blockchain networks and multiple DeFi protocols. They have over 170,000 signup users and have processed more than $46 million in transactions.
Website: https://www.thirdfi.org/
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About Investor
ThirdFi announced that the funding round was backed by several investors, including Techstars, Chainlink, Outlier Ventures, Alphabit Capital, and others.
A central focus of investor activity in the cryptocurrency space is the evaluation of new crypto projects to invest in, particularly those with huge potential. This blog provides insight into what new ventures are benefiting from venture capital support (VC funding in crypto). These new crypto projects, funded by professional investors, can dictate the next narrative in crypto and the next big crypto movers.
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