The company says that it’ll use the funding to support its mission of streamlining developers’ work and building out Web3 to reduce development costs for hundreds of companies.
Cookbook will also use the funding to further strengthen its endeavours in collaborating with developer communities to co-create educational content for Web3 builders, free of charge.
According to CoinDesk, Cookbook CEO Tyler Sehr said, “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.”
The educational initiative will serve as a complement to Cookbook’s current offerings, which include their platform that equips developers with tools to navigate through numerous open-source smart contract templates and provides comprehensive documentation on operating those contracts.
Tagus Capital general partner Leon Mirochnik notes that these tools will allow developers to secure, “Battle-tested” codes for the projects they’re building.
“The increased interest in digital assets in the last three 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, ” said Mirochnik.
The funding round included participation from MaC Venture Capital, Tagus Capital, Superscrypt and Alchemy.