As crypto usage continues to expand across both new monolithic blockchains and modular execution layers, the vision for a multichain world is steadily becoming a reality. Deploying a dapp across different ecosystems is quickly moving from a nice-to-have to a necessity in any team’s go-to-market strategy.

Despite the significance of this shift, managing smart contracts across multiple blockchains continues to be a difficult process. Many teams are still required to manage and update contracts across blockchains individually, self-custody tokens, pay gas on every chain they operate on, and manually verify their contracts on each chain’s block explorer. All of these processes take away from critical development time and naturally open teams up to increased potential for human error.

That’s why we’re so excited to lead the $2M Pre-Seed round for Sphinx.

Sphinx is a DevOps platform for trustlessly executing smart contract deployment scripts across disparate chains. With a strong integration with Foundry, one-click multi-chain deployments, gasless UX, and native multisig support, Sphinx is removing a significant amount of friction from the task of scaling across networks.

Co-founders Sam Goldman and Ryan Pate have brought a first principles approach and an acute understanding of developer pain points to the development of Sphinx. As crypto DevOps continues to evolve out of its infancy, we believe that Sphinx will be front and center, serving a critical role for web3 developers in simplifying smart contract deployment and execution.

We are ecstatic to support Sam and Ryan alongside our good friends at Nascent and Volt.

‍If you’re looking to streamline your multichain approach, you can request access to Sphinx on their website at sphinx.dev and find them on Twitter/X at @sphinxdeploy.

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Disclaimer:

This post is for general information purposes only. It does not constitute investment advice or a recommendation or solicitation to buy or sell any investment and should not be used in the evaluation of the merits of making any investment decision. It should not be relied upon for accounting, legal or tax advice or investment recommendations. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment or legal matters. Certain information contained in here has been obtained from third-party sources, including from portfolio companies of funds managed by Archetype. This post reflects the current opinions of the authors and is not made on behalf of Archetype or its affiliates and does not necessarily reflect the opinions of Archetype, its affiliates or individuals associated with Archetype. The opinions reflected herein are subject to change without being updated.

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