Seven Seven Six Venture Capital firm leads investment round of 5.3 million USD for Blockchain QuickNode

Blockchain development platform QuickNode has raised $5.3 million in a seed funding round led by Seven Seven Six, a VC firm created by Reddit co-founder Alexis Ohanian. Other investors included

Softbank’s Opportunity Fund, Arrington XRP Capital, Crossbeam, and Anthony Pompliano.

The Miami-based startup, which has been building a Web 3 cloud platform to enable developers to more easily develop blockchain apps, will use the funding to expand its product range and provide more tools as cryptocurrency adoption continues to accelerate, said Dmitry Shklovsky, QuickNode co-founder.

The company is hiring new engineering and tech talent too, “to build a more high-performance, reliable service for our customers,” Shklovsky told CoinDesk.

Currently, QuickNode supports six blockchain networks – Ethereum, Bitcoin, xDai, Polygon, Binance Smart Chain and Optimistic Ethereum – with several more said to be in the pipeline.

Customers using the platform range from developers building non-fungible token (NFT) projects to large institutions managing billions of dollars in crypto assets, according to the firm. Notable clients include DappRadar, Curve (acquired by PayPal in early March) and NFT platform Rarible.