Moralis, a platform that powers decentralized applications, or DApps, announced Thursday that it has received a USD 13.4 million investment from EQT ventures.
The company said it hopes to use this seed capital for product development and corporate expansion. Moralis aims to offer the blockchain space a single, easy-to-use interface solely for front-end development, while the company and its developers take care of the entire back-end. The software can also provide complex services, such as node management, authentication, and transaction indexing, which are required for cross-chain networks, Layer 2 solutions, and Web 3.0 applications.
Moralis, which has been active since June, was founded in 2020 by CEO Ivan Liljeqvist (aka Ivan on Tech) and COO Filip Martinsson. On its website, Moralis claims that more than 35,000 blockchain projects currently use its software and application programming interface (API).
EQT Ventures is the venture capital division of the Swedish investment organization EQT Partners. According to CrunchBase, EQT Ventures has invested in 128 companies and completed 10 exits for a total financing amount of $ 60 million.
Liljeqvist issued the following statement on the new funding round:
“We have already seen massive and sustained adoption in our first few months, amassing more than 50,000 developers since launch, and growth shows no signs of slowing down. This immense interest further validates Moralis’ business proposition, showing how we solve the dots. of pain with existing blockchain development. “
According to data from State of the DApps, the total number of tracked DApps has grown to 3,692 in October, compared to 3,342 in the same period of the previous year. The vast majority of DApps are built on the Ethereum blockchain. The total volume of transactions on these Ethereum-based DApps has risen to $ 153.18 million in the last 24 hours.
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