Thirdweb: Empowering Smart Contract Creation

Over four funding rounds, Thirdweb has successfully raised approximately $30 million from a diverse group of 12 cryptocurrency funds and angel investors. Renowned investors such as Coinbase Ventures, Protocol Labs, Shopify, Polygon, and Haun Ventures feature prominently among them.

In this article, we will focus on the key functionalities of Thirdweb and evaluate its potential users for whom this platform could be exceedingly beneficial.

The majority of smart contracts on the Ethereum blockchain and other EVM-based networks are typically deployed via Remix Ethereum. However, Thirdweb brings several distinct advantages to the table over its competitor, such as:

• Commission fees for smart contract deployment reduced by three to four times;

• Elimination of the necessity for code-writing;

• All smart contracts undergo a rigorous security audit and are standardized in accordance with the most recent updates;

• Ability to interact with blockchains that do not belong to EVM.

Thirdweb effectively eliminates the necessity to utilize Remix Ethereum, particularly benefiting developers who work on creating smart contracts or executing their unique blockchain initiatives.

• The option to integrate Web3 into their proprietary software.

• Facilitation of creating custom blockchain games and NFT collections;

• A safe, decentralized repository for contracts;

• User authentication based on their respective wallets.

In terms of specific smart contracts, Thirdweb can facilitate the deployment of:

■ Fubgible ERC20 tokens;

■ NFTs aligned with ERC1155 and ERC721 standards, and their respective collections;

■ An NFT marketplace;

■ Airdrop smart contract;

■ Distinct tokens designated for staking and voting processes.

As per data from the analytics platform The Block, the company was valued at $160 million last year. Thanks to Thirdweb, more than 300,000 contracts were successfully deployed, and the total number of users surged to 100,000.

While the team has yet to release official information concerning the token, speculation about a potential issuance is already making the rounds on social media. It is conjectured that the deployment of smart contracts and token mining across various networks might act as precursors for receiving the airdrop.