As crypto has matured from a niche tech sector into a mainstream investment prospect, some of the best places to get information on digital currencies have been on crypto groups formed on sites like Reddit and Discord. These groups have predicted dips in the market and notified investors on when to buy or sell currencies. The downfall is that investors must constantly check these groups for updates. One Seattle startup, however, is making it easier to get notifications surrounding the crypto markets, and it recently secured new funding to expand its platform.
Notifi develops software development kits, or SDK, for blockchain networks that allow developers to integrate communication capabilities into their platforms. On Wednesday, the startup announced it closed a $10 million oversubscribed seed round co-led by Hashed and Race Capital.
SDKs allow developers access to tools in order to build on their platforms and connect them to other programs without having to revamp their entire code. In the case of Notifi’s SDKs, it allows blockchain developers to embed text and email messaging capabilities onto their platform and notify users about liquidation events and price alerts. This gives investors more knowledge about their currencies and allows them to conduct better trades.
Currently, Notifi’s tools are on the Solana, NEAR and Ethereum blockchains, but with the new funding, it is looking to add support for Polygon, Avalanche, Aptos and Sui.
“Web3 has come a long way in the past few years, but a focus on making the user experience seamless is going to be essential in helping to onboard the next generation,” Paul Kim, founder and CEO of Notifi, said in a statement. “Social messaging, alerts and decentralizing some of the control and censorship of communication will also fuel the next wave of products and we’re extremely excited to be at the nexus of it all.”
Notifi launched earlier this year and has raised $12.5 million in funding across two rounds, according to Crunchbase.
