Sort XYZ, a platform dedicated to simplifying Web3 app development, has successfully raised $3.5 million in a seed funding round. The funding was co-led by Lemniscap and The General Partnership, with participation from notable organizations such as Alliance DAO, Punk DAO, Orange DAO, Blizzard Fund, Parasol, Red Rooster Ventures, as well as angel investors from Coinbase, Gemini, and Snyk.
The newly secured funds will be utilized to expand the Sort team, further enhance the platform’s product suite, and accelerate the launch of “Sort applications,” a comprehensive stack designed to facilitate the creation of user interfaces (UIs) for blockchain contracts. This announcement serves as a significant milestone for Sort, which aims to onboard the next generation of developers into the Web3 ecosystem by providing a user-friendly platform accessible to individuals of all skill levels.
In the pre-Web3 era, data was the primary product, and API keys were employed to control access and generate revenue. However, in the Web3 era, revenue is derived from contract transactions such as coin swaps or NFT transfers. Sort empowers contract authors to incentivize builders to utilize their contracts and drive transaction activity. It enables anyone in the contract author’s community to build applications on the contract free of charge. With Sort, users can effortlessly query real-time contract transactions, logs, events, function results, and NFT data. Additionally, the platform intends to leverage ChatGPT and LLMs (Large Language Models) to formulate SQL queries for populating UIs.
Sort can function as a comprehensive backend-as-a-service solution for decentralized applications, eliminating the need for additional infrastructure. Applications can be hosted on decentralized platforms like IPFS and Arweave, and developers can access read-only disposable API keys, eliminating the burden of managing servers or hardware.
Sort stands as a developer platform for Web3 UI components, aiming to make Web3 application development accessible and enjoyable for all developers. By simplifying the Web3 development process, Sort strives to usher in a new wave of Web3 applications, attracting the next million developers to the world of Web3.