Chainstack Secures Strategic Investment to Advance Web3 Infrastructure

Chainstack, a Singapore-based provider of Web3 infrastructure, has secured strategic investment from SBI Ven Capital, Sygnum, Azimut Group, Unicorn Factory Ventures, and Ventech Ventures. This undisclosed investment will fuel advancements in Chainstack’s product offerings, with a focus on improving core features, user experience, and automation capabilities.

In just two and a half years, Chainstack has emerged as one of the top three global Web3 infrastructure providers. 

Chainstack has a strategic focus on refining and expanding its core functionalities to maintain its leadership position in blockchain infrastructure. By prioritizing enhancements in key areas such as customer usability and automation, Chainstack aims to strengthen its platform’s appeal and effectiveness. These initiatives are driven by direct feedback from users and market demands. 

With the Web3 space experiencing a surge in capital and growth opportunities, Chainstack recognizes the potential to catalyze its customers’ success and facilitate their growth. As a result, the company remains steadfast in its mission to anticipate and meet the evolving needs of its users. This has helped the company ensure its platform continues empowering developers to innovate and create transformative applications.

Chainstack’s offerings are extensive, encompassing integrations with over 25 public blockchains, four appchain frameworks, four consortium protocols, and partnerships with all major cloud providers. 

This diverse range of options serves more than 100,000 Web3 developers, ensuring they have the essential tools to innovate and scale their projects without constraints. This approach has helped shape the future of blockchain technology, enabling developers to push boundaries and create transformative applications.

Chainstack, established in 2018, provides a comprehensive suite of services that connect developers with Web3 infrastructure. These services facilitate the development of applications in various sectors, such as DeFi, NFT, gaming, and analytics.

By offering a limitless Web3 development stack, Chainstack empowers companies of all sizes, from startups to large enterprises, to streamline their development processes and scale their decentralized applications efficiently. 

Moreover, Chainstack constantly works on advancing user interfaces and automating workflows, aiming to set new standards for performance, reliability, cost-effectiveness, and developer support.

Jan-Jaap Jager, the CEO of Chainstack, spoke about the recent strategic investment, highlighting it as a confirmation of Chainstack’s position as a sustainable leader in Web3 infrastructure. Looking ahead, Jager emphasized the company’s aim to simplify blockchain technology for developers globally, driven by customer feedback and a dedication to providing an exceptional developer experience. 

He also anticipated a shift in the blockchain infrastructure market towards commoditization, which he believes will result in improved price performance and enhanced accessibility, ultimately benefiting users and developers alike.

In a nutshell, the recent strategic investments in Chainstack show a step towards enhancing performance and reducing costs in Web3 infrastructure. The capital infusion will primarily focus on refining Chainstack’s core functionalities, improving system efficiencies, and optimizing operational costs. 

These strategic initiatives aim to achieve the dual objectives of maintaining high performance and progressively reducing prices, thereby delivering superior value to Chainstack’s extensive user base. 

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