W3.io has announced a $7 million seed funding round aimed at simplifying development in the Web3 space.
Funding and Purpose of W3.io
W3.io, formed by a coalition of builders, infrastructure providers, and investors, announced it has raised $7 million in a seed round led by Blockchange Ventures. The funds will be used to create the world's first Prodigy Network, an automation layer that significantly expands Web3 capabilities.
Expert Opinions on the Web3 Market
Matt Immerso, General Partner at Blockchange Ventures, stated that 'the blockchain is entering the business phase', but there is a need for simplifying infrastructure to focus on innovation. Simplifying Web3 deployments can accelerate the shift from building to using blockchains.
Future of W3.io and Its Impact on Business
MakeInfinite Labs CEO Nate Holiday expressed that W3.io opens new paths for scaling by allowing technology integration into real-world solutions. W3.io CEO Porter Stowell emphasized their focus on providing efficient and secure solutions for businesses.
W3.io continues to develop innovative solutions that make Web3 technologies more accessible and efficient for businesses, which could significantly change the market in the near future.
