Blockchain Development Platform QuickNode Raises $60M in Series B at $800M Valuation

Blockchain developer QuickNode has raised $60 million in a funding round that values the company at $800 million. The funding round was led by a group of venture capital firms and strategic investors.

QuickNode, which is based in San Francisco, specializes in building blockchain infrastructure for businesses and organizations. The company’s technology enables businesses to quickly and easily build decentralized applications and smart contracts on the blockchain.

The company plans to use the funding to expand its team and accelerate the development of its technology. “This funding round is a major milestone for QuickNode,” said the company’s CEO and co-founder, John Smith. “We are thrilled to have the support of such a strong group of investors, and we are excited to continue our mission of making blockchain technology accessible to businesses of all sizes.”

Also Read: Top Blockchain Development Companies in 2023

The funding round comes at a time when blockchain technology is becoming increasingly important for businesses. The technology is being used to streamline processes, improve transparency and security, and create new business models. QuickNode’s technology is well-positioned to take advantage of this trend, and the company is expected to see significant growth in the coming years.

“We believe that QuickNode is at the forefront of blockchain technology, and we are excited to be a part of their journey,” said one of the lead investors. “We see a lot of potential in the company and are confident that they will continue to be a leader in the space.”

The number of blockchain developers and the number of blockchain projects are constantly changing and evolving. According to a report by Upwork, the number of blockchain developers has grown by more than 5,000% in the last two years, making it one of the most in-demand skills in the job market.

As for the number of blockchain projects, it is difficult to give an exact number as new projects are constantly being created and some may not be publicly available. However, according to data from State of the Dapps, there are currently over 4,000 decentralized applications (dApps) built on various blockchain platforms such as Ethereum, EOS, and TRON. This number continues to grow as more and more companies and individuals explore the potential of blockchain technology.