thirdweb, a San Francisco, CA-based provider of a Web3 development platform, acquired Paper, a San Francisco, CA-based embedded wallet creator.
The amount of the deal was not disclosed.
With the acquisition, thirdweb will incorporate wallet and checkout solutions to its Web3 developer platform.
With access to Paper’s technology, thirdweb developers can make the purchase of NFTs more accessible for their future customers. From now on, an email address is all that will be needed to create a wallet, expanding the potential audience for brands and developers entering Web3 and facilitating growth. Furthermore, Paper’s wallet solution allows end-users to buy crypto assets using their credit cards, as well as Google Pay, Apple Pay, iDEAL, debit cards, and Ethereum for NFTs sold on other chains, removing the challenge of handling Web3 payments.
Paper’s products will still operate independently from today, and will be fully integrated into thirdweb’s platform within the next two months. Paper’s founders will be joining thirdweb in key senior roles.
Founded in 2021 by James Sun, Edward Sun and Phillip Ho, Paper provides a developer platform that adds Embedded Wallets, Checkouts, and Airdrops to NFT platform or project. The tools have been used by esports teams, musicians and multiple fortune 500 companies to onboard their users onto Web3. Paper counts the likes of Fnatic, Deadmau5, Boohoo and YesTheory as previous clients. In the past 18 months, it has created 50,000k+ wallets, minted 500,000k+ NFTs, processed over $10 million in transactions and worked with multiple Fortune 500 companies to onboard their customers onto Web3.
Co-founded by Steven Bartlett, Furqan Rydhan, and Jake Loo, Thirdweb is a complete Web3 development framework that provides tools to build, launch, and manage Web3 apps. They offer dev tools (SDKs in common languages, plug-and-play UI components, ContractKit) and managed infrastructure services (storage, RPC nodes, on-chain analytics, and more) to enable the go-to-market faster.
FinSMEs
19/07/2023