HomeSingaporeThirdFi Raised $2M in Token Funding

ThirdFi Raised $2M in Token Funding

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ThirdFi

ThirdFi, a Singapore-based provider of a web3 infrastructure protocol that empowers web3 users with identity and developers with api and sdk, has raised $2M in token financing.

Backers included Techstars, Chainlink, Outlier Ventures, Alphabit Capital and others.

The company intends to use the funds to expand operations and its development efforts.

Founded in 2022 and graduated from Techstars Web3 accelerator program, ThirdFi aims to empower developers and web3 startups with dev-toolings, API and sdk, building “picks and shovel”, to accelerate the adoption of DeFi to 1 billion users. In the last 2 years, the company has amassed more than 170,000 users with more than $46M on mainnet and L2 transactions by partnering with more than 50 web3 communities and protocols.

With the v2 launch that targets web3 users data to empower AI builders, the company is poised to grow in the upcoming blockchain AI market that is expected to grow to $2.7 billion by 2031 at a 25% CAGR yearly. The v2 creates a product-market fit to capture the growth of developers and users in AI applications such as AI agents, models and signals.

Users can now participate in the early access of Data-to-Earn campaign to gain data points for future airdrop allocations and contribute to the blockchain AI movement where users now own their identity and data points. These data points are NFT-bound and tradeable in the future making it a web3-centric approach and empowering users to own their data.

FinSMEs

10/07/2024