QuickNode Raises $35M for Blockchain Development Platform

Consensys, ethereum, blockchain, cryptocurrency, bitcoin, funding

Blockchain development platform QuickNode has raised $35 million in Series A funding round to help companies and software engineers integrate with blockchain infrastructure, according to a press release.

“This round is a major milestone that helps us deliver on our vision of growth in Web 3 through better infrastructure, improved tooling and greater accessibility across all blockchains,” QuickNode Vice President Amol Shah said in a CoinDesk report.

In a separate report, CoinDesk defined Web 3 as “an archipelago of apps and platforms where people choose to self-congregate based on their interests.”

QuickNode will use the fresh capital to expand its product portfolio and back new blockchains, which it has been doing about once a month this year, according to the release.

Tiger Global led the QuickNode funding round, while Alexis Ohanian’s Seven Seven Six, Soma Capital, Arrington XRP Capital, Crossbeam and Anthony Pompliano also participated, the release stated.

“The speed at which the team integrates new blockchains — especially non-EVM [Ethereum virtual machine] chains like Solana and Terra — is incredible and serves as testament to their familiarity with the needs of blockchain developers today,” Arrington XRP Capital Partner Ninor Mansor told CoinDesk.

QuickNode works with nonfungible token (NFT) platforms including Rarible, traditional financial institutions and everything in between, per the report.

“We’re excited to be a firsthand witness to QuickNode’s rapid growth, enabling more individuals and businesses to easily adopt blockchain technology,” Ohanian said in the release.

In other news, blockchain-based clearing/settlement platform Partior, which is backed by J.P. Morgan and the Singapore government, now accepts cross-border payments

Read more: JPMorgan’s Partior Begins Supporting Cross-Border Payments

Partior has completed end-to-end settlements with participating banks involving both U.S. and Singapore dollars in less than two minutes.

The company said it wants to ease payment pain points like slow settlements and costly transactions by using what it calls an “atomic” model that cuts the time needed to settle transactions.