Overview

Thirdwave Labs focuses on providing analytics and marketing solutions for blockchain game developers and publishers in the Web3 ecosystem. Their products include tools for gaining insights into game performance, player behavior, and market trends. The 'Insights' feature benchmarks games against others in the blockchain gaming space, offering analytics on player retention, revenue, and growth. 'Wallet Intelligence' helps developers understand player engagement and behavior in detail. Additionally, 'Thirdwave Ads' utilizes Web3-native advertising to help developers attract and retain players effectively. The company operates on a subscription model, offering tiered plans for access to its tools. Thirdwave Labs aims to support blockchain game developers in optimizing their games and navigating the complexities of the Web3 gaming landscape.

Simplify's Take

What believers are saying

• Thirdwave raised $7M in seed funding, showing strong investor confidence.
• The rise of P2E models increases demand for Thirdwave's analytics tools.
• Growing DeFi elements in gaming drive need for comprehensive analytics solutions.

What critics are saying

• Increased competition from emerging blockchain analytics firms could dilute market share.
• Cryptocurrency market volatility poses risks to Thirdwave's revenue streams.
• Regulatory scrutiny on blockchain activities could lead to compliance challenges.

What makes Thirdwave unique

• Thirdwave offers the first blockchain discovery engine for gaming analytics.
• Their Wallet Intelligence tool provides deep insights into player behavior and engagement.
• Thirdwave Ads uses Web3-native advertising to efficiently scale marketing campaigns.

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Funding

Total Funding

$7M

Above

Industry Average

Funded Over

1 Rounds

$7,000,000

Seed

Sep 2022

Seed funding is usually the first official round after pre-seed, when a startup has a prototype or concept. It’s typically used to develop the product, test the market, and start building the team. Investors here are often angel investors or early-stage venture capitalists.

Seed Funding Comparison

Above Average

Industry standards

Ind Avg. $3.3M

$500k

$1.5M

$2M

$2.3M

$3M

$7M