thirdweb

thirdweb provides an open-source platform for developers to build, manage, and analyze Web3 dApps such as NFT marketplaces and drops, decentralized autonomous organizations (DAOs), play-to-earn games, DeFi protocols, and creator tools. Its platform consists of SDKs, prebuilt and audited smart contracts, decentralized storage and logins, and plug-and-play user interface features to build and connect applications to blockchains. In addition, thirdweb also provides a customizable dashboard for Web3 developers to manage teams, keep track of smart contracts, and obtain on-chain analytics. As of December 2022, the platform was free to use and was configurable with eight layer-1 and layer-2 networks, including Ethereum , Solana , Avalanche , Polygon , and Optimism .

The company also offers a dedicated CommerceKit, a Web3 development framework, which allows users to build Web3-enabled ecommerce apps on Shopify with features such as token-gated commerce, NFT loyalty programs, and digital collectible sales. Additionally, it allows companies to leverage both Web2 and Web3 data to improve analytics and create complete customer profiles. The CommerceKit also provides users benefits such as seamless wallet logins with integrations with most popular wallets, decreased blockchain transaction fees, and the ability to purchase NFTs with credit cards. In addition, thirdweb also offers a complete Web3 game development stack called GamingKit, which also incorporates Coinbase’s payment infrastructure to allow end-users to purchase NFTs through credit cards.

Moreover, thirdweb launched its first blockchain-based survival game, Web3 Warrior , using Gamingkit. It is available as a PC version, where players can earn BATTLE tokens (the game’s in-game currency) by completing runs, which can be spent to purchase cosmetic items for their characters represented as NFTs.

It acquired Paper, an embedded wallet creator, for an undisclosed amount in July 2023 . Following the acquisition, Paper will continue to operate independently; however, its technology will be fully integrated into Thirdweb's platform to offer users a full stack for developing Web3 applications, wallet and checkout solutions.

Key customers and partnerships

As of December 2022, the platform was used by more than 50,000 monthly active developers, while its customers include Afterpay and New York Fashion Week. It partnered with Shopify and Coinbase to develop its CommerceKit and GamingKit, respectively.

Funding and financials

thirdweb raised USD 24 million in a Series A funding round in August 2022 led by Haun Ventures. The round valued the company at USD 160 million, while the funds were intended for product development as well as recruitment across the business, sales, and marketing teams.