Decentralized Database Platform Kwil Raises $8.9M Seed Round
Summary
By combining the permissionless nature of blockchains with the robust capabilities of existing data stores, Kwil extends the promises of Web3 to more complex, data-intensive applications.Kwil databases are, by default, permissionless, meaning that application builders can define and deploy rules for interacting with their tables. With Kwil, developers can implement logic in their tables to transform database schemas into permissionless protocols. Recently, we have seen an explosion of Web3 social, gaming, analytics, and science," said Brennan Lamey, founder of Kwil. "The funds will primarily go to expanding Kwils engineering team and releasing the next version of the product. "Kwils ability to radically accelerate development times and enable data composability across Web3 can allow the protocol to become a key standard for decentralized data querying and storage," said Matt Beck, Director of Investments at Digital Currency Group.