Bunzz Raises $4.5M To Expand Its Smart Contract Hub For DApp Development – TUSEN

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Singapore, Singapore, January 24, 2023, Chainwire

Bunzz, a web3 development platform for decentralized applications, has completed a $4.5 million seed round. Investors included gjmp, DG Daiwa Ventures, Coincheck and Ceres. The funding will be used to build out Bunzz’s Smart Contract Hub, which is already used by more than 8,000 dApp developers. (Product page: https://bunzz.dev/ )

Bunzz has built a strong track record since its launch 11 months ago. More than 8,000 DApp developers have used 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 major landmarks as a key infrastructure service in the smart contract development industry. It is listed on the web3 development infrastructure chaos map published by Coinbase. In addition, Bunzz was also a finalist in Icetea Lab, Singapore’s largest web3 accelerator program.

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Currently, engineers who can handle DApp development are very rare. The reason is that the barrier to developing smart contracts, which are web3 specific programs, is high. In other words, if web2 software engineers could handle contract development, it would be much easier to enter the web3 space.

Bunzz has managed to simplify the previously complex development process by offering commonly used contracts as modules and wrapping node preparation and development environment launch.

About Bunzz’s Core Feature “Smart Contract Hub”

Bunzz offers a modularized version of commonly used smart contracts. These are available for free to general users and can be reused by other DApp developers.

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On the other hand, there is a similar service called Open Zeppelin which is an open source library. The difference between this and Bunzz is convenience. While OZ’s code is just a library and cannot be implemented right away as it requires a development environment and nodes, Bunzz’s modules can be implemented using just a GUI. It really is the “web3 version of Docker Hub”.

Partial list of smart contract modules offered by Bunzz

NFT related modules:

DeFi related modules:

Kenta Akutsu, CEO and co-founder of Bunzz, explains: “Bunzz eventually wants to become web3’s equivalent of Docker Hub. Immutable smart contracts on the blockchain are open programs, also known as “public goods,” because anyone can access and use them without permission. However, the flow of use and the logic of their operation are difficult to understand, making it inconvenient for engineers who want to reuse them. Bunzz is trying to solve this problem by incentivizing smart contract module makers to create more accurate coding and documentation. Please feel free to contact us at tweet or disagreement.”

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The 13 participating investors:

Bunzz pte ltd company profile:

  • Company name: Bunzz pte ltd
  • Representative: Kenta Akutsu
  • Head Office: 6 Eu Tong Sen Street #12-17 The Central Singapore 059817
  • Business: Exploitation of web3 development infrastructure “Bunzz”
  • Establishment: May 2022
  • Capital: USD 4,500,000
  • URL: https://bunzz.dev

Contact

CEO, Kenta Akutsu, Bunzz pte ltd, [email protected]

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