A fundraising round with a total value of sixty million dollars has been successfully completed by the QuickNode distributed ledger (Blockchain) technology development platform. This achievement is one component of a worldwide expansion that is underway with the goal of attracting a greater number of users and developers to the Web3 platform. This achievement was made possible as a direct result of QuickNode’s efforts to attract more users and developers to participate in the Web3 platform. On January 24, the company announced that venture capital firm 10T Fund will lead the Series B fundraising effort, with participation from Tiger Global, Seven Seven Six and QED. That fact is common knowledge at this point. As a direct result of the fact that the investment was successfully completed, QuickNode’s value increased to an estimated $800 million.

QuickNode management has said the cash will be used to accelerate the company’s expansion into new markets around the world and make the transition to Web3 easier “at scale.”

“If this is to be achieved, it is vital to provide developers with the deployment capability required to sign up more blockchain customers.

The Series B funding round has been the most pivotal funding round for the company since October 2021, when the company was just seven months old and received $35 million in its first round of investment. Since that time, the company has been in operation.

QuickNode claims that the size of its existing user base has more than doubled in the time period between the company’s two previous rounds of venture investment.

Currently, the company provides its infrastructure services to more than 16 different blockchains, some of which are Ethereum, Matic, Optimism, Arbitrum, and Solana. Other blockchains currently making use of the company’s offerings include Solana, one of the blockchains that stands out among the rest. There are a number of other blockchains besides these that use a selection of these services in their operations.