Kwil

Kwil is an enterprise blockchain company that has developed a permissionless SQL database aimed at supporting the decentralized internet. This database is intended to facilitate data storage and retrieval for applications and platforms that are part of the Web3 ecosystem, including decentralized applications (dApps). Kwil's architecture is designed for scalability, ensuring that the database can handle the growth of an application. For developers looking to deploy databases, Kwil provides an in-browser tool called “Kuneiform IDE,” which enables the definition and deployment of databases. Additionally, Kwil enables projects to set data access permissions and has a feature that allows data sets to be accessed through the use of native tokens. The emphasis on scalability and the ability to set permissions are key aspects for enterprise clients.

Businesses can utilize Kwil's products in various ways. For instance, data providers can use Kwil to ensure that the data they deliver to clients is authentic and available while also maintaining an on-chain record of all modifications made to their databases. Researchers can use Kwil to segment data visibility, allowing them to share public data without permission and protect private data. Developers can also incorporate social graph data into their applications to create frictionless, cross-platform user experiences. Furthermore, Kwil's databases are easily migratable from centralized systems, facilitating a swift transition to a decentralized protocol​.

Key customers and partnerships

In November 2022, Kwil partnered with BlockVision, a multi-chain Node, Mempool, FT, NFT, and DeFi API provider. The partnership was intended to leverage Kwil's knowledge and expertise to help BlockVision decentralize its structured data storage, ensuring that users can retrieve data from decentralized, scalable, and highly available SQL databases​.

Funding and financials

Kwil raised USD 8.9 million in seed funding in October 2022, co-led by FTX Ventures and Blockchange Ventures. The proceeds were used for the expansion of the engineering team and product development.