Demand for NFT tech nabbed this crypto startup an $800m valuation

Crypto Infrastructure • February 10, 2023, 5:00AM EST

UPDATED: February 10, 2023, 5:13AM EST

Episode 8 of Season 5 of The Scoop was recorded remotely with The Block's Frank Chaparro and QuickNode Co-Founder and CEO Alex Nabutovsky.

Listen below, and subscribe to The Scoop on Apple, Spotify, Google Podcasts, Stitcher, or wherever you listen to podcasts. Feedback and revision requests can be sent to [email protected].

For web3 developers looking for alternatives to tools like Amazon Web Services or Google Cloud Platform, QuickNode's development environment allows teams to easily build and deploy on over 16 blockchains.

According to QuickNode Co-Founder and CEO Alex Nabutovsky, a recent surge in demand for NFT data has played a large part in QuickNode's recent success. "The amount of need for the NFT technology and NFT API, and NFT data is growing on our platform by a factor of let's just say 5x every quarter," Nabutovsky said.

In this episode of The Scoop, Nabutovsky discusses how QuickNode's $60 million Series B — which valued the startup at $800 million — will be used to expand the business, and why he believes NFTs will continue to be a driver of growth for the web3 industry in the years to come.

This episode is brought to you by our sponsors Circle, Railgun, Flare Network, NordVPN

About Circle
Circle is a global financial technology company helping money move at internet speed. Our mission is to raise global economic prosperity through the frictionless exchange of value. Visit Circle.com to learn more.

About Railgun
RAILGUN is a private DeFi solution on Ethereum, BSC, Arbitrum, and Polygon. Shield any ERC-20 token and any NFT into a Private Balance and let RAILGUN’s Zero-Knowledge cryptography encrypt your address, balance, and transaction history. You can also bring privacy to your project with RAILGUN SDK and be sure to check out RAILGUN with partner project Railway Wallet, also available on iOS and Android. Visit Railgun.org to find out more.

About Flare
Flare is an EVM-based Layer 1 blockchain designed to allow developers to build applications that can use data from other blockchains and the internet. By providing decentralized access to a wide variety of high-integrity data from other blockchains and the internet, Flare enables new use cases and monetization models. Build better and connect everything at Flare.Network

About NordVPN
NordVPN is essential for keeping crypto transactions secure, hiding your IP address, and protecting your devices from hackers and data theft. Get premium cyber-security on up to 6 devices for the price of a cup of coffee a month. Get your exclusive NordVPN Deal and try it risk-free now with a 30-day money-back guarantee: Visit https://nordvpn.com/thescoop

About Authors

Davis Quinton is the Director of Podcasts at The Block and runs our flagship podcast called The Scoop, hosted by Frank Chaparro. Since joining The Block as an 'intern' in early 2022, he has worked closely with leaders across departments to translate The Block's written content into engaging multimedia formats. He holds a degree in Social Research & Public Policy from New York University in Abu Dhabi and is based in Sydney, Australia.

Frank Chaparro is Host of The Scoop podcast and Director of Special Projects. He also writes a biweekly newsletter. Chaparro started his career at Business Insider, where he specialized in the intersection of digital assets and Wall Street, market structure, and financial technology. Soon after joining Business Insider out of Fordham University, Chaparro was interviewing top finance and tech executives, including billionaire Mark Cuban, “Flash Boys” star Brad Katsuyama, Cboe Global Markets CEO Ed Tilly, and New York Stock Exchange President Tom Farley. In 2018, he become a sought after reporter in the crypto world, interviewing luminaries such as Tyler Winklevoss, the cofounder of Gemini, Jeremy Allaire, the CEO of Circle, and Fundstrat head Tom Lee. For inquiries or tips, email [email protected].