The Block, the team behind Web3 app developer platform Thirdweb, has closed its $24 million Series A funding round at a $160 million valuation led by Haun Ventures, led by former Andreessen Horowitz partner Cathy Haun.

Investments were also provided by Coinbase Ventures, Shopify, Protocol Labs, Shrug VC and Kleiner Perkins partner Joseph Leykob.

The team will use the funds received to recruit experts and integrate Cosmos, Near, Flow and Solana (in September) in addition to Ethereum, Avalanche and Fantom.

Thirdweb offers audited smart contracts that allow you to build and securely deploy data applications, as well as manage related analytics.

Application scenarios include blockchain games and NFTs.

“We bridge the gap between infrastructure and real applications” Thirdweb co-founder Raidhan Bartlett told CoinDesk:

Startup tools use Afterpay, New York Fashion Week, and Coinbase for the NFT market.

According to the company, more than 55,000 developers have used their tools to create apps in the past nine months.

Recall that in March Kathy Haun of Haun Ventures from a16z raised $ 1.5 billion to invest in Web3.

In May, Andreessen Horowitz established his fourth $4.5 billion crypto fund, and the structure will focus on supporting Web3 startups.

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