Thirdweb has been blowing up in crypto Twitter. They hit #1 on Product Hunt. Their early access NFT drop was immediately exhausted. They have built out a great product and a loyal community. Thirdweb one of the startups I am most excited about in the crypto/web3 space.
I first heard of thirdweb around early November. The usefulness of the product was already clear. Since then the product and team have come a long way. In this article I go over
- Background
- What does third web do
- Why it is important
- The Product
- Funding and Team
- Opportunities
- Risks
- Conclusion
I use some web3 specific terminology in this article. If you are not familiar at all with what web3 is, I highly recommend listening to this podcast episode or going through this Twitter thread. Let’s jump in.
Abstractions all the way down
Abstracting away complexity is one of the most consistent trends in human history. You don’t need to know what differentials are or even how engines work in order to drive your car. Nowhere is this pattern more prevalent than in tech. Billions of people use the internet everyday, a tiny percentage of which knows how a webpage appears after you enter a URL. All the networking complexities have been hidden away behind a simple web browser. Each abstraction builds on previous abstractions. Operating systems connected hardware to software. Networking protocols built on top of that, leading to the internet. You don’t need to write web apps in binary, you can build on top of the frameworks set by previous abstractions.