QuickNode Raises $60M to Accelerate Blockchain Adoption Across Web3

• QuickNode is a Web3 platform developing tools and software solutions designed to accelerate blockchain adoption.
• The company raised its $60 million series B in a round led by 10T Holdings.
• QuickNode plans to use the funds to grow its team and scale its activities and tools.

QuickNode, a blockchain infrastructure provider, has announced a successful $60 million Series B funding round. 10T Holdings, a digital assets-focused mid to late-stage equity fund, led the round, with participation from Seven Seven Six, a venture capital fund co-founded in 2020 by Alex Ohanian, Tiger Global, and QED Investors. The company is looking to use these funds to further accelerate the adoption of blockchain technology across the Web3 industry.

QuickNode is a Web3 platform developing tools and software solutions designed to make blockchain adoption easier and more accessible. The company is committed to providing a reliable, secure, and performant blockchain development platform for businesses, developers, and users alike. With this new infusion of capital, QuickNode is looking to expand their team and grow their product offerings.

The company has already made significant progress in the blockchain space. They are the first Web3 platform to provide account creation and management, and their API and CLI tools have been adopted by leading projects such as CryptoKitties, MakerDAO, and Ethereum Name Service. Additionally, they are one of the first Web3 platforms to integrate with Google Cloud, making blockchain technology more accessible to businesses and developers.

Per QuickNode, the additional funds will allow them to scale their activities and tools, and help them to further solidify their position as the most performant blockchain development platform. They are also looking to expand their team and make further investments in their product offerings.

The funding round was led by 10T Holdings, a digital assets-focused mid to late-stage equity fund. Other investors that backed QuickNode’s latest round include Tiger Global, Seven Seven Six, and QED Investors.

QuickNode is looking to use the new funds to further accelerate the adoption of blockchain technology across the Web3 industry. With this new capital, the company is looking to continue to build out their products and services, and provide a reliable, secure, and performant blockchain development platform for businesses, developers, and users alike.