Bunzz Raises $4.5M Seed Round to Expand its Smart Contract Hub for DApp Development - Chainwire

24Jan

Bunzz Raises $4.5M Seed Round to Expand its Smart Contract Hub for DApp Development

Singpore, Singapore, 24th January, 2023, Chainwire

Bunzz a web3 development platform for decentralized applications, has completed a $4.5M seed round. Investors included gjmp, DG Daiwa Ventures, Coincheck, and Ceres. Funding will be used to help 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 established a strong track record since its launch 11 months ago. Over 8,000 DApp developers have been using 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 top-tier landmarks as a major infrastructure service in the smart contract development sector. It has been featured on the web3 development infrastructure chaos map published by Coinbase. Additionally, Bunzz was also a finalist in Icetea Lab, Singapore’s largest web3 accelerator program.

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 succeeded in simplifying the previously complex development process by providing frequently used contracts as modules and wrapping the preparation of nodes and the launch of the development environment.

About Bunzz’s core feature “Smart Contract Hub”

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

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

Partial list of smart contract modules offered by Bunzz

NFT related modules:

DeFi related modules:

Kenta Akutsu, CEO & Co-Founder of Bunzz, explained: “Bunzz ultimately aims to become web3’s equivalent to Docker Hub. Immutable smart contracts on the blockchain are open programs, also called ‘public goods,’ because anyone can access and use them without permission. However, the usage flow and the logic of their operation are difficult to understand, making it inconvenient for engineers who want to reuse them. Bunzz aims to solve this problem by incentivizing creators of smart contract modules to create more accurate coding and documentation. Please feel free to contact us via twitter or discord.”

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: Operation of web3 development infrastructure “Bunzz”
Establishment: May, 2022
Capital: 4,500,000 USD
URL: https://bunzz.dev