Crypto Crash Doesn’t Stop Venture Capitalists: $24 Million for NFTs

A venture capitalist who strengthens his ranks – This venture capital firmfounded by a woman with a particularly rich career in technology and in particular web 3, supports a platform that simplifies the creation of products NFT and the development ofdecentralized applications.

Who is Katie Haun and Haun Ventures?

His LinkedIn account presents a summary of his major achievements. Before becoming a venture capitalist, Katie Haun served as a federal prosecutor with the United States Department of Justice, with a focus on fraud, cybercrime and corporate crime. She is notably the founder of the first task force of the government on cryptocurrencies.

She masters thus the strings of the web regulation 3. Katie Haun even intervened before the 2 Chambers of Congress to debate the articulation between technology and regulation. But the woman also wears many other hats, including those of a teacher at Stanford’s GSB.

Katie Haun was previously partner in the venture capital company Andreessen Horowitz, co-chairing the company’s 3 crypto funds. She sits on the board of directors of Coinbase and is there Founder and CEO of Haun Venturesa $1.5 billion venture capital fund focused on web 3.

Katie Haun is among the heavyweights of web 3. Source : Twitter

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A new addition to the Haun Ventures portfolio

According to a press release dated August 25, Thirdweba platform that aims to facilitate the creation of web 3 applications for developers, has raised $24 millionat a round table led by Haun Ventures, with participation from other investors including Coinbase Ventures, Shopify, Protocol Labs, Polygon, Shrug VC and billionaire Joseph Lacob.

The valuation of Thirdweb has reached the $160 million at the end of this fundraising. This fresh capital will enable the company to have a room for maneuver of more than 3 years, says the co-founder of the company, Furqan Rydhan.

To ensure its sustainability and growth, Thirdweb can also rely on the remaining 60-70% $5 million raised as seed money in December of last year.

Thirdweb under the magnifying glass: place for blockchain and NFT innovations

Thirdweb offers pre-coded smart contracts, which simplify the creation of NFTs and marketplaces, among other things. It also provides developers with a development kit (SDK) to design web 3 products, as well as a dashboard for monitoring and managing on-chain contracts.

The company would count in its client portfolio New York Fashion Week, Afterpay and a car manufacturer.

These Thirdweb services are currently integrated on Ethereum (ETH)Avalanche (AVAX) and Fantom (FTM), with upcoming support of Solana (SOL)which is scheduled for the end of September this year.

Thirdweb also plans to add Cosmos (XLM), Near and Flow to the list, using funds it has just raised from investors.

the web 3 enters a era of simplification. The projects try to offer solutions that allow developers to easily create products for the sector, by offering pre-built smart contracts or by launching a JavaScript SDK for the decentralized web.

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Crypto Crash Doesn’t Stop Venture Capitalists: $24 Million for NFTs


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