Smart-Contract Registry Cookbook Raises $2M to Create Web3 Developer Support Tools

The company will use the money to educate Web3 developers and supply them with tools to streamline their work. 

AccessTimeIconMay 11, 2023 at 5:03 p.m. UTC

Smart-contract registry Cookbook has raised $2 million to supercharge its efforts to support developers’ Web3 projects, according to a Thursday press release.

The funding round included participation from MaC Venture Capital, Tagus Capital, Superscrypt and Alchemy. It will support Cookbook’s mission to streamline developers’ work to build out Web3 and reduce development costs for hundreds of companies, the company says.

  • Meme Coin Liquidity Hits Record High
    00:46
    Meme Coin Liquidity Hits Record High
  • How Ledger Stax Plans to Make Self-Custody More Mainstream
    16:42
    How Ledger Stax Plans to Make Self-Custody More Mainstream
  • Why Dogecoin Is a 'Weird' Investment
    16:39
    Why Dogecoin Is a 'Weird' Investment
  • AI Tokens Surge as Nvidia Becomes World’s Most Valuable Company
    00:47
    AI Tokens Surge as Nvidia Becomes World’s Most Valuable Company
  • "With this investment, we're excited to continue building the most comprehensive platform for web3 developers, aggregating everything they need to launch their production apps," Cookbook CEO Tyler Sehr said in a press release.

    The funds will also contribute to the platform’s initiatives to co-create free educational content for Web3 builders with developer communities.

    That educational initiative will complement Cookbook’s existing offerings, including its platform which gives developers tools to sift through thousands of open-source smart contract templates and access documentation about how to operate those contracts. Those tools allow developers to secure, “battle-tested” codes that support the projects they’re building, Tagus Capital General Partner Leon Mirochnik said in a press release.

    Cookbook has served more than 1,500 developers who have accessed more than 3,000 smart contracts through the platform. Its services are increasingly useful for developers as more smart contracts of varying quality flood the web, the company said.

    “The increased interest in digital assets in the last 3 years has led to a chaotic upsurge in the number of smart contracts created by thousands of developer communities around the world, but the industry still lacks a robust infrastructure for finding battle-tested open-source smart contracts templates, " Mirochnik said.

    Edited by James Rubin.

    Disclosure

    Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

    Elizabeth Napolitano

    Elizabeth Napolitano was a news reporter at CoinDesk.