QuickNode Raises $35M for Blockchain Platform
Summary
“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. “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.