Demand for NFT tech nabbed this crypto startup an $800m valuation

For web3 developers looking for alternatives to tools like Amazon Web Services or Google Cloud Platform, QuickNode's development environment allows teams to easily build and deploy on over 16 blockchains.

According to QuickNode Co-Founder and CEO Alex Nabutovsky, a recent surge in demand for NFT data has played a large part in QuickNode's recent success. "The amount of need for the NFT technology and NFT API, and NFT data is growing on our platform by a factor of let's just say 5x every quarter," Nabutovsky said. 

In this episode of The Scoop, Nabutovsky discusses how QuickNode's $60 million Series B — which valued the startup at $800 million — will be used to expand the business, and why he believes NFTs will continue to be a driver of growth for the web3 industry in the years to come.

This episode is brought to you by our sponsors Circle, Railgun, Flare Network, NordVPN

About Circle

Circle is a global financial technology company helping money move at internet speed. Our mission is to raise global economic prosperity through the frictionless exchange of value. Visit Circle.com to learn more.

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Flare is an EVM-based Layer 1 blockchain designed to allow developers to build applications that can use data from other blockchains and the internet. By providing decentralized access to a wide variety of high-integrity data from other blockchains and the internet, Flare enables new use cases and monetization models. Build better and connect everything at Flare.Network

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