Announcing our investment in Grindery: The Web3 connection stack
WWVentures is proud to announce our investment in Grindery, the platform built to harmonize on and off chain data sources with little or no code required.
Current smart contracts are constrained to limited functionalities as the oracles linking on-chain functions to off-chain data and events are complex and difficult to use.
This is where Grindery steps in.
Grindery’s key differentiator is that it empowers organizations and dApp developers to leverage all of the usability of Web2 applications and APIs, but with the security and immutability of on-chain data.
With Grindery integrations, off-chain events can trigger on-chain actions seamlessly, creating a powerful environment for the future of technology as blockchain becomes more and more prevalent.
Grindery will launch DAO tooling and integrations for any dApp with a wide variety of platforms including: data management (AirTable, Excel, Monday.com, Smartsheet), accounting (Xero, Quickbooks, Netsuite, Microsoft Dynamics, Expensify, Invoice2go, Aria, FINSYNC, Invoiced, ZOHO), HR (Workday HCM, Rippling, Zenefits, Quickbooks Payroll, Monday), analytics (Zoho Analytics, Fivetran, Xplenty), and middleware (Zapier, Integromat, HubSpot Operation Hub, Celigo).
Every integration makes each Web2 app available to all dApps (including DAO frameworks) across all blockchains, creating value and extended network effects.
“Bridging the gap between Web2 and Web3 is becoming more and more important as the technology progresses and we start seeing daily integrations into our lives. Grindery is building the perfect solution to create a seamless and powerful way of leveraging existing Web2 tools to benefit from the power of Web3”
- Adam Haklili, WWVentures Managing Partner
We are joined in the round by Dharmesh Shah (Hubspot founder), Binance Labs, JSquare Capital, ANKR, Perridon Ventures, Gate.io, Cronos Chain, MH ventures and others.
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DISCLAIMER: Content in this article does not constitute financial advice. Cryptocurrencies are volatile assets. Always do your own research and invest at your own risk.