Distributed web3 infrastructure startup ThirdFi has raised $2 million in token funding backed by Chainlink, Techstars, and other notable investors.

ThirdFi Secures $2 Million in Token Funding

ThirdFi, a web3 infrastructure startup focused on making decentralized finance more accessible through API, has successfully secured $2 million in THI token funding. This funding is aimed at scaling its operational expenses in the rapidly expanding blockchain and artificial intelligence (AI) market, which the firm projects to grow to $2.7 billion by 2031.

Key Investors and Funding Details

In a recent announcement, the Singapore-based startup revealed that the funding round was supported by a group of investors, including Techstars, Chainlink, Outlier Ventures, Alphabit Capital, and others. With this latest capital infusion, ThirdFi’s fully diluted value has increased to $20 million after two years of development during the bear market.

Growth and Partnerships

Founded in 2022, ThirdFi has rapidly grown its user base to over 170,000, facilitating more than $46 million in mainnet and layer-2 transactions. This growth is attributed to partnerships with over 50 web3 communities and protocols.

“Our goal is to make decentralized finance as accessible as possible.”

API Products and Blockchain Networks

ThirdFi offers API products across multiple blockchain networks, including Ethereum, Polygon, BNB Chain, Avalanche, Arbitrum, and Optimism. The firm also plans to integrate Solana, zkSync, and Base in the near future. While a specific timeline for the token launch has not been disclosed, it is expected to roll out in Q3 pending audits.

For investors like Chainlink, this funding continues their support for ThirdFi, following the startup’s participation in the Chainlink BUILD program. This initiative aims to enhance the Chainlink network by providing participants with priority technical support, access to new services, and reinforced cryptoeconomic security through incentivized fees for service providers.

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