W3.io, a coalition of builders and investors, has announced a $7 million funding round to simplify the use of Web3 technologies and enhance their accessibility.
Funding and Project Goals
W3.io has raised $7 million in a seed funding round led by Blockchange Ventures, aimed at simplifying blockchain development and integration of decentralized technologies for businesses.
Expert Opinions
Experts highlight that the current blockchain infrastructure is complex and ineffective for many companies. "Blockchain is entering the business phase, but too much effort goes into wrestling with infrastructure," said Matt Immerso, partner at Blockchange Ventures, noting that W3.io could greatly accelerate the transition to real blockchain usage.
Future of Web3
W3.io aims to create a more efficient ecosystem for real-world solutions such as global micropayments, collateralized loans, and tokenized stocks. The company seeks to provide businesses with simple and secure methods to address critical challenges.
W3.io continues to enhance Web3 capabilities, aiming to provide businesses with access to decentralized technologies and accelerate their adoption in real industries.
