Quicknode Raises a Whopping $60 Million in Series B Round for Global Expansion and Blockchain Adoption
It looks like the crypto and blockchain industry has just got a major boost in 2021! Quicknode is the latest success story and has raised a $60 million Series B round. The funding comes from an impressive list of investors across the globe including Coinbase Ventures and Winklevoss Capital.
More Money, More Problems – Unless you’re Quicknode
As you might imagine, the team at Quicknode must be feeling like the king of the world right now. After all, what’s not to love? They got a massive infusion of cash and gained some extra supporters at the same time.
But money and fame is only part of the story. Quicknode hasn’t just been given this money, they’ve earned it.
Getting Down to Business – What Does Quicknode Do?
The Berlin-based startup provides a platform that makes it easier to create and manage decentralized applications (DApps). This means developers have a safe and reliable place to develop their projects and take their products to market.
They’ve also got their eyes set on pushing the envelope and pushing more people to use blockchain technology. This is one of the main reasons why they raised the money in the first place – to fuel global blockchain adoption and make the technology more accessible to everyone.
Breakdown of the Money
Here’s a breakdown of what the $60 million was used for:
- Expand Globally: The money will help Quicknode expand its services to more countries and regions.
- Build Out Features: Quicknode wants to build out features that will make developing and managing DApps easier.
- Make Blockchain Adoption Easier: They’ll be investing in marketing and education to help improve awareness and get more people interested in blockchain technologies.
Well Done Quicknode!
This is all great news, and we should all be applauding Quicknode for their success. Not only have they raised a huge amount of money, they’ve done it to further the industry and make blockchain more accessible to the public. So, from all of us at CoinCodex, congrats and thank you!
