Web3 infrastructure startup ThirdFi secures $2m in token funding backed by Chainlink

Distributed web3 infrastructure startup ThirdFi has raised $2 million in token funding backed by Chainlink, Techstars, and others.

ThirdFi, a web3 infrastructure startup aimed at making decentralized finance more accessible via API, has secured $2 million in its THI token funding to scale its operational expenses in the upcoming blockchain artificial intelligence (AI) market, which the firm expects to grow to $2.7 billion by 2031.

In a Wednesday blog announcement, the Singapore-based startup said the funding was supported by a group of investors, including Techstars, Chainlink, Outlier Ventures, Alphabit Capital and others. With the latest capital infusion, ThirdFi claims its fully diluted value soared to $20 million “after building in the bear market for the last two years.”

Founded in 2022, ThirdFi boasts a user base exceeding 170,000, facilitating more than $46 million in mainnet and layer-2 transactions through partnerships with over 50 web3 communities and protocols.

For Chainlink, the investment marks a continuation of their support following ThirdFi’s participation in the Chainlink BUILD program, an initiative aimed to enhance the Chainlink network by providing participants with priority technical support and access to new services, reinforcing cryptoeconomic security through incentivized fees for Chainlink service providers.

In addition to Chainlink, ThirdFi offers API products across multiple blockchain networks including Ethereum, Polygon, BNB Chain (formerly Binance Smart Chain), Avalanche, Arbitrum, and Optimism, with plans to integrate Solana, zkSync, and Base in the near future. While the firm has not disclosed a specific timeline for its token launch, the rollout might happen somewhat in Q3 pending audits.