Although the performance of the digital asset had its worst week in a long time last week, it does not appear to be deterring the e-founders. Studio, a software-as-a-service firm, has announced the opening of 3Founders, a new sub-studio.
3Founders focuses on ‘web3’ startups, such as blockchain projects, NFT-enabled firms, and crypto-friendly businesses, as the name indicates. The eFounders team is wagering that web3 isn’t merely a fad or a jargon with this approach. This isn’t the first time that eFounders has established a separate studio. eFounders also founded Logic Founders, a fintech studio helmed by Camille Tyan, last year.
This isn’t the first time eFounders has launched a cryptocurrency venture. The studio built Multi, a crypto wallet for small businesses.
Startup Studio, if you’re not familiar with it, comes up with fresh startup concepts, partners up with two co-founders, and helps stage a product-market fit in exchange for a stake in the company.
Aircall, Spendesk, and Front are among the portfolio firms. eFounders has started 33 businesses in total. When you add them all up, they create $170 million in yearly recurring income and employ 2,000 people.
In terms of the three founders, the sub-studio will soon have its own crew and portfolio of businesses. However, there isn’t much to see right now. Thibaud Algier, co-founder of eFounders, will serve as temporary studio head, while Florent Quinty, co-founder of SalesMachine, will be the company’s first employee.
The first startup batch will be 3Founders. This new firm, co-founded by Serafi de Tracy and Nathan Barrill, will allow companies and organisations to offer NFTs to their most committed community members.
Customers will be able to access special experiences using these tokens. It reminds me of the work that OurSong or Royal are doing with musicians.
Florent Quinti stated in a statement, “We are presently working on various Web3 projects and intend to establish more businesses quickly.” “In a native Web 3 environment, we’re rediscovering CRM, and we’re also looking at developer tools that will allow Web 2 firms to integrate Web 3 experiences into their products without sacrificing user experience.”
In other words, we’ll be keeping an eye on 3Founders’ initiatives since it’ll be intriguing to see whether they can build a track record similar to eFounders’.
To read our blog on “As demand for Web3 grows, SoftBank leads a $60 million CertiK raise” click here.
