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- Bunzz Raises $4.5 Million Seed Round To Expand Its Smart Contract Hub for DApp Development
Bunzz Raises $4.5 Million Seed Round To Expand Its Smart Contract Hub for DApp Development
January 24, 2023 – Singapore, Singapore
Bunzz has established a strong track record since its launch 11 months ago. Over 8,000 DApp developers have been using the platform, and more than 3,000 DApp projects have been deployed on-chain, making it one of the largest DApp development infrastructures in Asia.
The platform has been recognized by top-tier landmarks as a major infrastructure service in the smart contract development sector. It has been featured on the Web 3.0 development infrastructure chaos map published by Coinbase.
Additionally, Bunzz was also a finalist in Icetea Lab, Singapore’s largest Web 3.0 accelerator program.
Currently, engineers who can handle DApp development are very rare. The reason is that the barrier to developing smart contracts, which are Web 3.0 specific programs, is high.
In other words, if Web 2.0 software engineers could handle contract development, it would be much easier to enter the Web 3.0 space.
Bunzz has succeeded in simplifying the previously complex development process by providing frequently used contracts as modules and wrapping the preparation of nodes and the launch of the development environment.
About Bunzz’s core feature ‘smart contract hub’
Bunzz offers a modularized version of frequently used smart contracts. These are freely available to general users and can be reused by other DApp developers.
On the other hand, there is a similar service called ‘Open Zeppelin,’ an open-source library. The difference between this and Bunzz is convenience.
While OZ’s code is just a library and cannot be deployed right away as it requires a development environment and nodes, Bunzz’s modules can be deployed with just a GUI. It is truly the ‘Web 3.0 version of Docker Hub.’
Partial list of smart contract modules offered by Bunzz
NFT-related modules listed as follows.
DeFi-related modules listed as follows.
Kenta Akutsu, CEO and co-founder of Bunzz, said,
“Bunzz ultimately aims to become Web 3.0’s equivalent to Docker Hub. Immutable smart contracts on the blockchain are open programs – also called ‘public goods’ – because anyone can access and use them without permission.
“However, the usage flow and the logic of their operation are difficult to understand, making it inconvenient for engineers who want to reuse them. Bunzz aims to solve this problem by incentivizing creators of smart contract modules to create more accurate coding and documentation.
The 13 participating investors
Bunzz pte ltd company profile info
Company name – Bunzz pte ltd
Representative – Kenta Akutsu
Head office – 6 Eu Tong Sen Street #12-17 The Central Singapore 059817
Business – Operation of Web 3.0 development infrastructure ‘Bunzz’
Establishment – May 2022
Capital – $4,500,000
Contact
Kenta Akutsu, CEO and co-founder of Bunzz
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