WeaveDB Raises $900k Pre-Seed Round

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Three months ago we introduced WeaveDB, the first NoSQL DB as a smart contract on Arweave with a vision of bringing web2-like smooth UX, complexity, and scalability to web3 dApps.

Today, WeaveDB is glad to announce its $900k pre-seed round led by Permanent Ventures!

WeaveDB — The Firestore of Web3

WeaveDB was created in response to the challenges of building decentralized applications (dApps) while having to rely on existing web2 infrastructures.

Tomoya Nagasawa, the originator of WeaveDB, was in the process of developing a decentralized blogging platform that relied on the Firestore database from the Google Cloud Platform.

Earlier this year, Tomoya learned about the Arweave smart contracts, what is called SmartWeave, being realized by separating computation from storage, leading to fully decentralized yet complex dApps with virtually unlimited computation capabilities and inexpensive permanent storage. This urged him to build a decentralized alternative to Firestore, bringing out the best of both web2 UX and web3 decentralization.

Where we are today

WeaveDB is a new paradigm for dApp development, bringing web2-like UX both to users and developers with Firestore-like NoSQL DB on smart contracts.

WeaveDB for developers

Using WeaveDB, developers can now deploy a one-line instant contract, build complex logic without writing a smart contract, and build full-stack scalable dApps that weren’t possible before, using Javascript/Typescript, Rust, or Go for development.

WeaveDB is offering a wide range of features, including:

• Cross-chain authentication,
• Auto-signing,
• JSON-like simple APIs,
• Data indexing,
• JSON-based functional programming over data validation and access control,
• Built-in scheduled cron jobs, REPL, Web console, gRPC node, and Light client.

WeaveDB for users

As a user, WeaveDB is giving you instant finality, no need to sign in with a crypto wallet, no gas fee to pay, a web2-like UX and versatile features, biometric authentication, and most important owning your own data.

Where we are going

With WeaveDB we are setting the bar high: we strongly believe that we will play a massive role in bringing web2 to web3 adoption by bringing to both the developers and end users the tools that they were looking for.

Things that seemed impossible to build before as a full-stack dApp, now are starting to become a reality with WeaveDB: e.g., a decentralized Twitter, a new GitHub, or a permanent Wikipedia, you name it!

Our pre-seed round

We are proud to announce a breakthrough milestone for us: WeaveDB has raised a $900k pre-seed round. The round was led by Permanent Ventures, along with leading web3 investors: IOSG Ventures, Mask Network, arweave.org, Hansa, Next Web Capital, CMTD, Formless Capital, and Scott Moore (co-founder of Gitcoin).

We are truly honored to have such a remarkable group of investors that recognize the value of decentralization and can help us as we look forward to expanding our growth and providing the missing tool that the community of developers and users desperately needs. Our journey just started, and our goals are endless!

To learn more about WeaveDB, you can check our website. To stay up to date, follow us on Twitter and join our Discord.

If you want to get in touch with us, please email ahmad@weavedb.dev