Sort, a Web3 platform that makes it easy for developers to deploy Web3 applications, has announced that it has raised $3.5 million in seed funding from investors. The announcement was contained in a release by the company on May 22. The funding was led by Lemniscap and the General Partnership. Other investing entities involved in the funding are Alliance DAO, Red Rooster Ventures, Orange DAO, Parasol, and Blizzard Fund. It added that several angel investors from Gemini, Coinbase, and Snyk also participated in the funding.
On a mission to greatly simplify the art of Web3 app development
Roderik van der Graaf, founder of Lemniscap, the leading investor group in the funding, said,
“Historically, writing decentralized applications has been extremely difficult, requiring intricate design skills and advanced technical know-how. Sort is on a mission to greatly simplify the art of Web3 app development, helping new swathes of ecosystem participants realize their Web3 visions. The Sort founders are major industry advocates for democratizing dApp development—a vision we at Lemniscap wholeheartedly endorse.”
A full stack for writing the UI of blockchain contracts
The Sort team stated that the funding will be channeled towards growing the development team of Sort and making it possible for the organization to quickly launch its applications, which it describes as a full stack for writing the UI of blockchain contracts. The team from Sort said that the success of the funding is an important milestone in their quest to onboard the next million developers by building an easy-to-use platform.
Sort is a Web3 platform dedicated to the building of a user-centered development platform that makes it possible for developers to easily bring data from smart contracts directly into the decentralized applications that they are working on. This requires just a few lines of code on the part of the developer.
A complete backend by developers
Sort can be used as a complete backend by developers with no need for additional infrastructure. The release said that decentralized platforms such as IPFS and Arweave can be deployed in hosting, thereby eliminating server and hardware management needs using read-only disposable API keys. This further eliminates the need to manage servers or hardware.
Ample financial runway to expand product portfolio
Jason Zucchetto, co-founder of Sort, said that the success of the seed round is a testimony to the confidence that investors have in the solutions provided by the Sort suite of tools. He highlighted the fact that the participating investors are global heavyweights in the crypto and blockchain space and said that the Sort team is supercharged to make a difference in the decentralized application space.
“The funding will give us ample financial runway to expand our product portfolio, add firepower to our team, and drive mainstream dApp adoption,” he said.
A potential to onboard Web3 developers
Anthony Kline, of The General Partnership, said that despite the immense benefits of blockchain technology, the pace of development in the sphere of blockchain developer tools has not kept pace as expected. He added that,
“We’re proud to be investing in Sort’s seed round—a team at the forefront of developer tooling, Web3 app development, and the needs of the ecosystem. We’re particularly excited by Sort’s growth pipeline and their potential to onboard the next million developers to the blockchain.”