The blockchain-based payments business Halliday recently obtained $20 million in financing, spearheaded by the venture capital behemoth Andreessen Horowitz. This AI-powered startup is committed to streamlining diverse operational sequences.
Halliday’s Workflow Protocol has empowered the firm to associate with monetary organizations like chartered banks and payment facilitators. A crucial aspect of this expansion is that programmers don’t have to compose intelligent agreements each time they desire to construct or implement a program.
On March 18, Halliday declared that the financing will hasten the advancement of its Workflow Protocol. This resolution intends to empower programmers to utilize blockchain and AI technologies to fashion monetary applications without composing intelligent agreements. Xpeng Shares Decline After Disappointing Q4 Loss Reduction Announcement
The Series A financing session was spearheaded by a16z’s crypto section, with involvement from SV Angel, Credibly Neutral, and Blizzard Fund.
According to the startup, Workflow Protocol can streamline any procedure, encompassing onboarding new Layer 1 and Layer 2 chains, handling reoccurring payments, and optimizing yields. The protocol can also streamline monetary administration and any operational sequence in business-to-business agency configurations.
Halliday’s Workflow Protocol furnishes a resolution to these obstacles, enabling monetary organizations and other firms to incorporate Web3. The incorporation of AI on-chain has also been a substantial impediment due to conformity and safety apprehensions.
> The startup posted on X: “For an extended duration, intelligent agreements have been the industry’s conventional method to construct applications on-chain. However, intelligent agreement advancement is more akin to hardware engineering than software engineering: it’s sluggish, costly, and perilous.”
Halliday has been examining its workflow system since 2023, and its payment procedures have been integrated with Avalanche, ApeCoin, DeFi Kingdoms, and Story Protocol.
# a16z Guides $20 Million Financing Session for Blockchain Payment Enterprise Halliday
In the month of May in the year 2024, this innovative nascent enterprise forged a calculated alliance with the SKALE system, which was soon accompanied by a joint venture with ApeChain in the month of June in the year 2024.
To augment their impetus, the venture capital colossus A16z spearheaded a seed round of $6 million for Halliday in the month of August in the year 2024. Halliday made an announcement indicating that the monetary backing would be directed towards enhancing the advancement of games utilizing blockchain technology and the expansive metaverse environment.
