ThirdFi

ThirdFi is a Singapore-based firm developing infrastructure for the web3 and decentralized finance (DeFi) markets. Founded in 2022 by Victor Lee and Soon Lai, the company aims to simplify access to DeFi for developers, startups, and users. The founding team includes Victor Lee as co-founder and Soon Lai as CTO. The company initially focused on providing an all-in-one API and software development kits (SDKs) to help developers integrate DeFi protocols into their applications, positioning itself as a "Stripe for Web3". This initial version of their infrastructure is operational on over ten blockchains, including Ethereum, Polygon, and BNB Chain, and has processed over $46 million in transactions from more than 170,000 users.

Responding to market shifts, ThirdFi is evolving its strategy with a V2 platform that introduces a modular artificial intelligence (AI) layer for DeFi. This new phase focuses on leveraging AI to enhance user interactions and decision-making within the decentralized finance ecosystem. The V2 platform will utilize user data to empower AI applications like AI agents, predictive models, and trading signals. To facilitate this, ThirdFi has introduced a "Data-to-Earn" campaign, allowing users to contribute their data in exchange for potential future rewards and ownership of their data points via NFTs. The business model targets both developers, who use the company's tools to build applications, and end-users interacting with AI-powered financial services.

ThirdFi has secured significant backing from notable investors and accelerators such as Techstars, Chainlink, Outlier Ventures, and Alphabit Capital. In July 2024, the company announced a $2 million token funding round, reaching a fully diluted valuation of $20 million. This capital is intended to scale operations within the growing blockchain AI market. The company's offerings are designed for web3 startups and developers seeking to embed crypto assets and DeFi functionalities with low-code integrations. By providing the foundational "picks and shovel" tools, ThirdFi intends to accelerate the broader adoption of decentralized finance.

Keywords: decentralized finance, web3 infrastructure, DeFi API, modular AI, blockchain AI, crypto developer tools, Victor Lee, Soon Lai, multi-chain interoperability, Data-to-Earn, DeFi protocols, Techstars, Chainlink, financial technology, SDK, smart contracts, AI agents, crypto asset integration, blockchain development