ThirdFi, an avant-garde web3 infrastructure startup, has successfully amassed $2 million in token funding, bolstered by prominent backers such as Chainlink and Techstars.

The Singaporean enterprise, ThirdFi, which focuses on democratizing decentralized finance (DeFi) through API solutions, has garnered $2 million through its THI token offering. This financial boon is aimed at augmenting the company’s operational expenditures as it navigates the burgeoning blockchain AI market, anticipated to reach a staggering $2.7 billion by 2031.

In a recent blog post, ThirdFi announced that the funding round attracted a coalition of investors, including Techstars, Chainlink, Outlier Ventures, and Alphabit Capital. With this fresh capital injection, ThirdFi’s fully diluted valuation has ascended to $20 million, a testament to its resilience and innovation during the crypto market’s bearish phase over the past two years.

Established in 2022, ThirdFi has rapidly grown its user base to over 170,000, facilitating upwards of $46 million in transactions across mainnet and layer-2 solutions through alliances with more than 50 web3 communities and protocols.

Chainlink’s investment is a continuation of its support following ThirdFi’s involvement in the Chainlink BUILD program. This initiative is designed to fortify the Chainlink network by offering participants priority technical support and access to novel services, thereby enhancing cryptoeconomic security through incentivized fees for Chainlink service providers.

Beyond its collaboration with Chainlink, ThirdFi delivers API solutions across a multitude of blockchain networks, including Ethereum, Polygon, BNB Chain (formerly Binance Smart Chain), Avalanche, Arbitrum, and Optimism. The firm also plans to integrate with Solana, zkSync, and Base imminently. Although the exact timeline for the token launch remains undisclosed, it is anticipated to occur in Q3, subject to audit completions.

By leveraging these strategic partnerships and robust API offerings, ThirdFi is poised to play a pivotal role