Lemniscap and Galaxy Digital led the round to support Encode Club’s Web3 education offerings.
There are many coding bootcamps for Web2 users: Hack Reactor and Fullstack to name a few.
Encode Club was just funded $5 million by Galaxy Digital. This is a general term that refers to a blockchain-based internet. This funding will allow Encode to expand its Web3 bootcamps and hackathons as well as accelerator programs.
Dragonfly Ventures and Folius Ventures participated in the round along with angel investors such as Stefan George, Gnosis founder, and Anton Bukov, 1inch, and SolBigBrain.
Because of the use of different programming languages, blockchain web development differs from traditional software engineering.
It’s not easy for developers to switch to Web3 overnight. Anthony Beamont, CEO of Encode Club believes that there is a high demand for Web3 developers but that there is a shortage of qualified talent.
Beaumont stated in a statement that Encode Club is ready to assist with the development of Web3.
Encode offers a variety of Web3 coding bootcamps that cater to different blockchains such as Ethereum, Solana and Avalanche. The eight-week programs are highly competitive, but they are free to those who qualify. Encode, like traditional coding bootcamps helps participants find work once they are done.
Encode offers bootcamps as well as 10-week hackathons to different blockchains and Web3 products. There are hackathons that include Tezos, Polygon as well as NFTs, and DAOs.