Key Takeaways:
- New capital fuels a shift towards streamlined onchain improvement.
- A simplified protocol cuts out prolonged sensible contract processes.
- The mannequin invitations each crypto startups and established finance to have interaction with blockchain.
Blockchain funds agency Halliday has secured $20 million in Sequence A funding, led by Andreessen Horowitz (a16z) with participation from Avalanche Blizzard Fund, Credibly Impartial, and Alt Layer, the agency introduced Tuesday.
The funding seeks to speed up the event of Halliday’s Workflow Protocol, which allows onchain utility improvement with out sensible contracts.
In a press launch shared with Cryptonews, the agency mentioned different angel buyers resembling Viktor Bunin from Coinbase, Jason Zhao from Story Protocol, Ekram Ahmed from Celestia, and Nikil Viswanathan and Joe Lau from Alchemy additionally contributed.
a16z’s Second Funding in Halliday
This marks a16z crypto’s second funding in Halliday, following a $6 million seed spherical in 2022, bringing the corporate’s complete funding to over $26 million.
This funding will assist the event of Halliday Funds—a platform designed to streamline onchain utility improvement—whereas permitting the corporate to broaden its staff.
Addressing Challenges in Onchain Improvement
For years, sensible contracts have been the muse of onchain purposes, however their improvement course of is sluggish, costly, and sophisticated, explains Halliday.
Writing and deploying sensible contracts resembles {hardware} engineering—requiring in depth testing, safety audits, and vital improvement time.
The emergence of AI in blockchain additionally faces challenges resulting from compliance and safety dangers.
For AI-driven automation to thrive onchain, there must be a extra strong infrastructure permitting companies to supervise and management AI workflows, says the agency.
Halliday claims the Workflow Protocol solves these issues. It permits builders to automate workflows—resembling onramping to an L2, recurring funds, treasury administration, and B2B operations—with out writing a single sensible contract.
The protocol considerably reduces improvement time, permitting groups to launch purposes in hours moderately than the months or years historically required for sensible contract improvement.
Supporting and Powering Main Tasks
Since 2023, Halliday has been stress-testing its workflow engine with main trade companions, together with DeFi Kingdoms, Core Pockets (Ava Labs), and ApeChain.
Quickly, the Workflow Protocol may even go dwell with Story Protocol, Lens, Frax, and a number of other different main blockchain initiatives.
Simplifying Utility Improvement With out Good Contracts
With Halliday, Web2 and Web3 companies can construct purposes with out the complexity of sensible contract improvement, claims the agency.
Banks, fintechs, and monetary establishments can faucet into the decentralized economic system with ease—providing digital asset funds, stablecoin subscriptions, yield merchandise, and programmable treasury administration.
Past its funding in Halliday, a16z continues to broaden its crypto footprint.
a16z Launches Spring 2025 Accelerator for Crypto Startups
a16z introduced plans in January to launch its crypto startup accelerator program (CSX) in San Francisco this spring.
The a16z crypto startup accelerator gives funding, mentorship, and operational assist to assist early-stage startups develop and scale.
Consequently, many evaluate this initiative to Y Combinator, however it's particularly designed for crypto ventures.
Moreover, collaborating founders obtain capital, construct connections with trade specialists and collaborate with Web3 groups.
The put up Halliday Raises $20M Funding Led by VC Giant a16z appeared first on Cryptonews.
