Notifi Raises $10 Million in Seed Financing; Hopes to Fix the Broken Web3 Communications Model

Human beings are known for a myriad of different things, but most importantly, they are known for getting better on a consistent basis. This particular dynamic has already fetched us some huge milestones, with technology appearing as a unique member of the stated group. The reason why technology’s credentials are so anomalous is largely because of its skill-set, which was unprecedented enough to usher us towards a reality that we nobody could have ever imagined otherwise. Nevertheless, if we take up a closer look, it will become clear how the whole runner was also very much inspired by the way we applied those skills across a real-world setting. The latter component was, in fact, what gave the creation a spectrum-wide presence, and consequentially, kickstarted a tech revolution. This revolution, as we discovered, will go on to scale up the human experience from every conceivable direction, but even after achieving such a monumental feat, technology will somehow continue bringing all the right goods to the table. The same has only turned more and more evident in the recent times, and truth be told, one new funding does a lot to keep that bigger and better moving forward.

Notifi, a cross-chain messaging layer for Web3, has successfully secured over $10 million in seed financing. Led by Hashed and Race Capital, the round saw further participation coming from the liked of Struck Capital, HRT Capital, Wintermute, Superscrypt, and others. According to certain reports, the company will use the newly-raised cash to support more blockchains, including Polygon, Avalanche, Aptos, and Sui. This comes as an addition to company’s already active support for Solana, NEAR, and Ethereum. Beyond that, Notifi will also dedicate some money towards hiring and scaling teams to meet emerging needs of its product line, such as notifications as a service, chat as a service, customer relationship management (CRM), analytics tools for product messaging, and more. Founded in April 2022, Notifi started out with an intention to solve the broken communications model in Web3. You see, at the moment, the stated structure is distributed across multiple messaging platforms like Telegram and Discord, as well as different layer 1 and layer 2 ecosystems, thus causing an enormous communications gap between all parties.

Talk about what Notifi does to close that gap; it provides SDKs that let developers integrate 1:1 user communication into their dApps. This integration, in turn, empowers the user in regards to effectively availing and managing alerts across avenues such as Telegram, SMS, and Email. Beyond that, the company’s technology has also proven its utility around real-time liquidation alerts for DeFi protocols like LP Finance and Hedge; price and auction alerts for NFT marketplaces like Hyperspace and Holaplex; and governance proposal alerts for DAO platforms like Solana Realms and Astro DAO.

“We’re taking a pragmatic approach to solving the right customer and user pain point rather than building something no one asked for. This is why we support both on-and off-chain messaging. Not everything has to be decentralized. As Web3 goes mainstream, the next wave of users will want a simple text or email alert when something important happens,” said Paul Kim, CEO and co-founder of Notifi.

Just a few months on from its launch, Notifi has won over some big customers, such as Orca, one of Solana’s biggest DEXs; Zebec, treasury management for DAOs; SynFutures, Polygon’s largest derivatives protocol; Hyperspace, an NFT marketplace; Realms, Solana’s DAO governance platform; and more. However, this clientele is only expected to grow, given the company is set to release an all-new Notifi Hub, which is designed to provide users with a centralized location to track and manage all of their messages and alerts across different blockchains, wallets and dApps.

 

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