TL;DR:
- Airstack, a web3 developer platform, has raised over $7 million in funding.
- The funding round was led by Superscrypt and included notable backers like Polygon.
- Airstack enables developers to access and utilize cross-chain data using natural language requests backed by AI.
- The platform has attracted over 200 developers who have utilized it for various projects.
- Airstack allows developers to query, combine, and integrate on-chain or off-chain data using a single query and response.
- The company has unveiled an updated version of its Jam social app built on Farcaster and Ethereum.
- Airstack plans to onboard thousands of developers and identify areas of value before finalizing its pricing model.
Main AI News:
Airstack, a leading web3 developer platform, has secured an impressive $7 million in funding through the successful closure of the second half of its pre-seed funding round. The round, led by Superscrypt, signifies a significant milestone for the startup. Airstack’s innovative platform enables developers to access and leverage cross-chain data effortlessly, employing the power of artificial intelligence (AI). While AI remains a hotly debated topic in the crypto space, Airstack has harnessed its potential to address the challenges faced by developers in a comprehensive manner.
CEO Jason Goldberg explains that Airstack’s approach is rooted in extensive interviews conducted with developers over the past year, gaining valuable insights into their needs and pain points. By directly addressing these challenges, Airstack has gained traction among the developer community, attracting over 200 developers since its launch in April. The platform has been utilized for diverse projects ranging from marketing engines to decentralized finance (DeFi) portfolio optimizers and advertising platforms.
Airstack empowers developers by offering a unified solution for querying, combining, and integrating various types of data, including on-chain, off-chain, cross-chain, and cross-application data. Using natural language requests, developers can seamlessly access the information they need. For example, a query could involve retrieving data on holders of the MATIC token who possess a minimum of 10,000 MATIC, along with their token balances and related details.
The funding round, which commenced in the third quarter of 2022, already included notable backers such as Polygon. Polygon, Hashed Emergent, NGC, Primal Capital, UOB Ventures, and Signum Capital are among the investors who recognize the potential of Airstack’s platform.
Conlcusion:
Airstack’s successful funding round and its innovative web3 developer platform fueled by AI have significant implications for the market. The substantial investment and growing developer interest reflect the market’s recognition of the platform’s potential. Airstack’s ability to streamline cross-chain data access and integration using natural language queries opens up new possibilities for developers, fostering efficiency and innovation in the industry.
Furthermore, the introduction of the updated Jam social app showcases Airstack’s commitment to enhancing user experiences in the Web3 space. As Airstack continues to onboard more developers and refine its pricing model, it is poised to shape the market, drive growth, and play a key role in the future of web3 development.
