Web3 Infrastructure Firm Blocknative Raises $15M for Ethereum Block Building Market

Web3 infrastructure company blocknative has raised $15 million from several VC firms to support its block building ambitions. cryptauxmargaux reports

” on Sept. 15 to move to a proof-of-stake consensus mechanism, Blocknative’s relay and block builders have added more than 17,000 blocks to the Ethereum blockchain.

"With this new financing round, Blocknative is ideally positioned to vigorously pursue the block building opportunity and help drive equitable value recirculation throughout the entire Web3 transaction supply chain” Blocknative CEO & co-founder Matt Cutler shared in a press release. “As the world increasingly moves on-chain, Blocknative remains committed to contributing meaningfully to the Web3 ecosystem through real-time access to pre-chain data, increased transaction transparency and web-scale infrastructure availability at each and every block,” Cutler added.

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