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The quicknode blockchain development platform closed a $60-million funding cycle as part of a global expansion to bring more users and developers into the web3 applications.
The serie b elevate, A $800 million project, was administered by the venture capital company 10t funds, with tiger global's participation, seven-seven-six and whatnot, the society has announced January. 24.
The relaunch of series B, $800 million worth of QuickNode, was managed by 10T Fund, a venture capital company, Tiger Global will participate, Seven Seven Six & EQD, The company made the announcement on January 24.
The Series B was the company’s most significant funding round since October 2021, when it raised $35 million as a seven-month-old startup. Between increases, quicknode states that it has increased its user base by more than 400%. It currently provides infrastructure services for more than 16 blockchains, including ethereum, matic, optimism, arbitrum and solana.
Venture capital funding for blockchain projects is gone recently. As reported by Cointelegraph, Hong Kong investment fund HashKey Capital recently closed a $500 million funding round to back up-and-coming projects in the Web3 arena.
As reported by cointelegraph, Hong Kong investment fund hashkey capital has recently closed a funding cycle of $500 million to support future projects in the web3 arena."
Related: Crypto could solve venture capital’s due diligence problem — VC exec
By the third quarter of 2022, Web3 projects accounted for roughly 44% of blockchain funding deals, according to Cointelegraph Research. 'Related: crypto could solve the problem of due diligence of venture capital - vc exec in the third quarter of 2022, web3 projects represented about 44% of blockchain financing transactions, according to cointelegraph research. The cautionary note is that a universally accepted definition of web3 is still illusory.
The reservation is that a universally agreed definition of Web3 continues to be illusory.
