Quick take:
The company plans to use the fresh capital to advance the development of Halliday Payments, a workflow protocol and payments application.
Its platform enables developers to delegate workflows to autonomous systems when creating smart contracts.
It aims to shorten the time it takes to create smart contracts by making the process more streamlined and accessible.
Halliday has secured a $20 million Series A round led by A16z Crypto with participation from Avalanche Blizzard Fund, Credibly Neutral, Alt Layer and several angel investors. The round brings the total raised to $26 million, following a $6 million seed round announced in August 2022.
The company infrastructure platform lets delegate workflows to autonomous systems when creating smart contracts.
According to the announcement, Halliday plans to use the fresh capital to advance the development of Halliday Payments, a workflow protocol and payments application. Its aim is to shorten the time it takes to create smart contracts by making the process more streamlined and accessible.
Commenting on the announcement, Halliday CEO Griffin Dunaif described the vision of his company as “to bring about the software era of blockchain,” which would allow developers to build applications in hours, rather than years.
“These funds will be used to accelerate this vision to ensure that developers never have to build a smart contract again. We’re pioneering the adoption of safe AI systems on decentralized networks and changing how developers can build on-chain apps,” Dunaif told The Block.
The product has been in development since 2023, passing various tests.
According to Halliday’s post on the X platform, the proprietary version of the workflow system has already been used by teams at DeFi Kingdom, Avalanche, ApeCoin and Story Protocol for payment flows.
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