Stackr Raises $5.5 Million to Simplify Blockchain Development
With a fresh injection of $5.5 million in funding, Stackr is on a mission to make building on blockchains much easier. The latest investment round was led by Archetype and also saw participation from Scalar Capital, Lemniscap, and Spartan Group, among others. The funds will be used to expand the team, launch the product’s first iteration, and attract developers interested in entering the crypto space.
Empowering Web2 Developers
Stackr’s primary goal is to enable Web2 developers to create any crypto app without having to learn a new programming language. This is made possible through Stackr’s flexible software development kit (SDK), which will initially support JavaScript and eventually add other languages like Python, Go, and C.
Attracting More Developers to Crypto
Increasing the number of developers in the crypto industry is crucial. According to Electric Capital’s Developer Report, there are approximately 19,279 crypto developers as of October 1, 2023. Stackr aims to simplify the transition for Web2 companies looking to experiment with Web3 technology by providing a familiar development environment.
Modular Blockchain Approach
Stackr’s modular blockchain approach allows users to mix and match transaction execution, data availability, and consensus components. This flexibility enables developers to choose which parts of the stack they want to use and what kind of security or speed they need for their applications.
Enabling Web2 Companies
By using Stackr’s SDK, Web2 companies can experiment with decentralizing specific components of their products without making significant changes elsewhere. This approach allows companies like Shopify to decentralize specific aspects of their operations while maintaining their existing product infrastructure.
Hot Take: Stackr’s Funding Boost for Simplifying Blockchain Development
The recent funding secured by Stackr represents an important step towards simplifying blockchain development for Web2 developers. By providing a familiar development environment and a modular blockchain approach, Stackr aims to attract more developers into the crypto space while empowering existing companies to experiment with Web3 technology.
By
By
By
By
By
By