thirdweb provides a developer toolkit to build and launch web3 products such as blockchain games, NFTs, DAOs and marketplaces. Its toolkit currently covers roughly 10 features spanning smart contracts, decentralized logins, publishing tools and more, and supports multiple blockchains. The company has been live for nine months, with about 55,000 developers using the framework and roughly 150,000 smart contracts deployed across six blockchains; projects built on the platform are collectively generating $1.5 million in revenue weekly, though thirdweb currently takes no cut (aside from some enterprise procurement fees). Headquartered in San Francisco with operations in London, thirdweb plans to use funding to expand blockchain support, grow its user base, and scale the team via hiring and potential acquisitions. The company emphasizes a low/no-fee approach to capture critical mass and says builder activity has continued despite broader web3 market turbulence. Thirdweb offers free, no-code developer tools and SDKs that let teams add NFTs, social tokens, currencies, marketplaces and NFT drops without writing code. The company launched its free tools three months ago and says hundreds of customers are integrating its SDKs. It has crossed more than 500 unique projects built with its tools and aims to reach over 1,000 developers, teams and companies. Founders Steven Bartlett and Furqan Rydhan bring prior experience from Social Chain, Bebo and AppLovin, and the company operates from offices in London and San Francisco. Thirdweb plans to remain free until royalties and fees are programmed into NFT sales; at that point it will take 5% of royalties on secondary sales. The new capital will be used to hire on technical and growth teams and to produce marketing and video assets to educate users.

Total raised

$29M

Funding rounds

2

Latest round

Series A

Latest activity

Aug 2022