BUILD

Wednesday

Base

Chainlink

Fenix Finance

Distributed web3 infrastructure startup ThirdFi has raised $2 million in token funding backed by Chainlink, Techstars, and others. 
ThirdFi, a web3 infrastructure startup aimed at making decentralized finance more accessible via API, has secured $2 million in its THI token funding to scale its operational expenses in the upcoming <a href="https://crypto.news/tag/blockchain/" target="_blank" rel="noreferrer noopener">blockchain</a> artificial intelligence (AI) market, which the firm expects to grow to $2.7 billion by 2031. 
In a Wednesday blog announcement, the Singapore-based startup said the funding was supported by a group of investors, including Techstars, <a href="https://crypto.news/tag/chainlink/" target="_blank" rel="noreferrer noopener">Chainlink</a>, Outlier Ventures, Alphabit Capital and others. With the latest capital infusion, ThirdFi claims its fully diluted value soared to $20 million “after building in the bear market for the last two years.” 
Founded in 2022, ThirdFi boasts a user base exceeding 170,000, facilitating more than $46 million in mainnet and layer-2 transactions through partnerships with over 50 web3 communities and protocols. 
 You might also like: <a href="https://crypto.news/openledger-secures-8-million-seed-round-led-by-polychain/"> OpenLedger secures $8m seed round led by Polychain </a> 
For Chainlink, the investment marks a continuation of their support following ThirdFi’s participation in the Chainlink BUILD program, an initiative aimed to enhance the Chainlink network by providing participants with priority technical support and access to new services, reinforcing cryptoeconomic security through incentivized fees for Chainlink service providers. 
In addition to Chainlink, ThirdFi offers API products across multiple blockchain networks including Ethereum, Polygon, BNB Chain (formerly Binance Smart Chain), Avalanche, Arbitrum, and Optimism, with plans to integrate Solana, zkSync, and Base in the near future. While the firm has not disclosed a specific timeline for its token launch, the rollout might happen somewhat in Q3 pending audits. 
 Read more: <a href="https://crypto.news/fenix-finance-secures-300k-seed-investment/"> Fenix Finance secures $300k seed investment </a>

Web3 infrastructure startup ThirdFi secures $2m in token funding backed by Chainlink

crypto.news

Other articles published on Jul 10, 2024

More high-profile token unlocks are happening this July

How to Buy SafePal Coin?

Mt. Gox repayment shakes crypto market, causing volatility

Financial Institutions Integrate with Cryptocurrencies

The Potential of AI and Blockchain in Video Games

Microsoft and Apple Decide Not to Join OpenAI Board

Join our free newsletter for daily crypto updates!