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In a significant leap forward for the Web3 development community, Singapore-based BuildBear Labs has successfully raised $1.9 million in a fundraising round that promises to revolutionize the way developers build and test decentralized applications (dApps). The round, co-led by industry giants Superscrypt, Tribe Capital, 1kx, and featuring contributions from Iterative, Plug-N-Play, and notable angel investors such as Kris Kaczor and Ken Fromm, marks a pivotal moment in the advancement of Web3 tools and infrastructure.
At the heart of BuildBear Labs' mission is the creation of the world's first Web3-focused Automated and Continuous Testing Engine (ACTE), a tool designed to tackle the unique challenges faced by developers in the burgeoning Web3 landscape. Inspired by successful platforms such as BrowserStack, BuildBear's ACTE goes beyond conventional testing frameworks by offering tailored private testnets for rigorous dApp testing. This innovative feature enables developers to identify and mitigate vulnerabilities before deployment, ensuring a smoother and more secure user experience. The recent infusion of capital has already led to the upgrade of BuildBear's engine, enhancing its capability to support a higher throughput and improve overall user experience. With over 7,700 sandbox testing environments created and an active retention rate exceeding 35%, BuildBear's growing platform is a testament to its effectiveness and appeal among Web3 developers. Furthermore, the firm's commitment to collaboration extends beyond its platform, working alongside industry leaders to foster a community of knowledge sharing and innovative development within the Web3 sphere. Source: BNN Breaking
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