Smart-contract registry Cookbook has secured $2 million in funding to enhance its support for Web3 developers, as announced in a press release on Thursday.
The funding round saw participation from prominent investors such as MaC Venture Capital, Tagus Capital, Superscrypt, and Alchemy. Cookbook aims to simplify the development process for Web3 projects and reduce costs for numerous companies.
With this investment, Cookbook plans to further expand its platform, providing a comprehensive solution that equips developers with the necessary tools to launch their production applications. Tyler Sehr, CEO of Cookbook, expressed enthusiasm about the investment and the company’s commitment to empowering web3 developers.
Smart-contract registry Cookbook has raised $2 million to supercharge its efforts to support developers’ Web3 projects, according to a Thursday press release.
The funding round included participation from MaC Venture Capital, Tagus Capital, Superscrypt and Alchemy. It will support Cookbook’s mission to streamline developers’ work to build out Web3 and reduce development costs for hundreds of companies, the company says.
“With this investment, we’re excited to continue building the most comprehensive platform for web3 developers, aggregating everything they need to launch their production apps,” Cookbook CEO Tyler Sehr said in a press release.
The funds will also contribute to the platform’s initiatives to co-create free educational content for Web3 builders with developer communities.
That educational initiative will complement Cookbook’s existing offerings, including its platform which gives developers tools to sift through thousands of open-source smart contract templates and access documentation about how to operate those contracts. Those tools allow developers to secure, “battle-tested” codes that support the projects they’re building, Tagus Capital General Partner Leon Mirochnik said in a press release.
Cookbook has been instrumental in supporting over 1,500 developers who have utilized the platform to access more than 3,000 smart contracts. As the web becomes inundated with an increasing number of smart contracts, varying in quality, Cookbook’s services have become even more valuable to developers.
The platform enables developers to navigate this landscape by providing them with essential tools and resources, ensuring they can make informed decisions and streamline their development processes. With its growing user base and expanding services, Cookbook continues to play a vital role in supporting the Web3 developer community.
“The increased interest in digital assets in the last 3 years has led to a chaotic upsurge in the number of smart contracts created by thousands of developer communities around the world, but the industry still lacks a robust infrastructure for finding battle-tested open-source smart contracts templates, ” Mirochnik said.