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Web3 Company BlockJoy Raises £11 Million In Funding

The Web3 company intends to use the funds to further support its node management solutions and the launch of BlockVisor

BlockJoy Inc, a Web3 infrastructure company that develops node management solutions for blockchain providers has raised almost $11 million in funding.

BlockJoy aims to help enterprises with its platform that is purpose-built for running blockchain nodes on infrastructure designed for Web3. It can deploy and run nodes on any infrastructure, anywhere in the world. In addition, it also helps to save companies time and grants them greater flexibility.

The money was raised across seed and Series A funding rounds, with participation from Gradient Ventures, Draper Dragon, Dragon Roark, and Active Capital, among others.

Web3 solutions

Originally the platform was intended to provide staking tools for the creators friends and families, however after the launch the platform grew and it was expanded for services to run nodes for businesses. The funding will be used to support the continued development of the platform and launch BlockVisor, the company’s patented node management software. This is currently available for beta sign-up.

Co-founder and CEO of BlockJoy, Chris Bruce commented on the platform saying, “Through BlockJoy’s unique technology and our focus on blockchain-specific Web3 infrastructure, we can shrink the costs of node-running further than your typical cloud provider can. We are making it possible for our customers to run their own servers in any data center, much like how it was back in the web 1.0 days, but without the headaches.”

As BlockJoy continues to grow the goal is to expand its support for more infrastructure and help promote Web3 projects that focus on decentralised applications. The platform is expecting to develop more features so developers can easily develop and manage nodes, APIs, and data tools that power their users’ products and services. 

The company website states that “If Amazon and Azure are considered the infrastructure for Web 2.0, then you should consider BlockJoy as the infrastructure for Web3.” Although recently it would seem Amazon along with other big names such as eBay are on the hunt for Web3 staff.

Written By

Paige Cook is a writer with a multi-media background. She has experience covering video games and technology and also has freelance experience in video editing, graphic design, and photography. Paige is a massive fan of the movie industry and loves a good TV show, if she is not watching something interesting then she's probably playing video games or buried in a good book. Her latest addiction is virtual photography and currently spends far too much time taking pretty pictures in games rather than actually finishing them.

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