Airstack Secures $7M Funding for Web3 Developer Platform Empowered by AI

Airstack, the Web3 developer platform, has successfully secured over $7 million in funding during the latter part of its pre-seed funding round. The funding was led by Superscrypt. Airstack offers developers the ability to harness cross-chain data through natural language requests, empowered by artificial intelligence (AI). AI is an increasingly sought-after technology within the crypto industry, despite being surrounded by ongoing debates and controversies.

"We did extensive interviews with developers over the past year, gaining insights into their previous tool usage and the challenges they faced," said Jason Goldberg, CEO of Airstack, in an interview with CoinDesk. "Airstack was built to directly address those pain points."

Since its launch in April, Airstack has garnered significant traction, attracting a thriving community of more than 200 developers. These developers have leveraged the platform for a wide range of projects, including marketing engines, decentralized finance (DeFi) portfolio optimizers, customer resource management tools, advertising platforms, and decentralized social and messaging applications.

Airstack empowers developers to seamlessly query, merge, and integrate diverse data from on-chain and off-chain sources, as well as across different blockchains and applications. This unified approach enables them to retrieve information using a single query and receive a comprehensive response. As an example, a natural language query on the Airstack platform could be: "Get all holders of MATIC token who hold a minimum of 10,000 MATIC, their token balances, and their ENS and Lens and Farcaster."

During the third quarter of 2022, Airstack concluded the first phase of its funding round with notable participation from Polygon, among other prominent backers. Notable investors in this round included Hashed Emergent, NGC, Primal Capital, UOB Ventures, Signum Capital, and several others.

Alongside the funding announcement, Airstack introduced a revamped edition of its Jam social app. The iOS and Android application, developed using Farcaster and Ethereum, showcases enhanced features such as user profiles and groups centered around users' Web3 collectibles.

While Airstack currently provides its services free of charge, the company plans to implement a pricing model in the future. Goldberg expressed his strategy: "Our immediate focus is to onboard thousands of developers onto Airstack in the coming months. We aim to identify the areas where we add the most value and where genuine business use cases emerge before finalizing our pricing model."

Source Coindesk