Key Takeaways
- Tableland brings SQL to web3: Tableland, a permissionless relational database for web3 applications, has announced a $8M Series A round led by CoinFund with participation from Multicoin Capital, Blueyard and A Capital, bringing the company’s total financing to $10.4M.
- Composable database models: The new funds will be used to launch Tableland on mainnet, release new developer tools, and roll out Tableland Studio later this year. Tableland is built on the SQLite engine and enables developers to build complex relational data models for decentralized games, apps, and NFTs.
- Efficient data storage for NFTs and games: Tableland uses Structured Query Language (SQL) to offer a familiar database solution for developers, making it easier and cost-effective for them to work in web3. The database layer of applications becomes more composable and web3 native with Tableland’s wallet-based authentication, row-level permissions, and smart-contract integration.
- Plans for expansion: Tableland’s platform offers a structured alternative to storing data on-chain for NFT creators and makes “crafting NFTs” easier for game creators. The integration of a battle-tested database into EVM-based smart contracts will enable developers to turn ideas into dapps faster than ever before. Data composability will be one of the biggest force multipliers in application development, according to Kyle Samani, Managing Partner, Multicoin Capital.
Tableland, a permissionless relational database for Web3 applications, announced today that it has secured $8 million in a Series A funding round led by CoinFund, bringing the total amount raised to $10.4 million. Other participants in the round included Multicoin Capital, Blueyard, and A Capital.
The funds will be used to launch Tableland on the mainnet, release new developer tools, and roll out Tableland Studio later this year.
Tableland is built on the SQLite engine, and it enables developers to construct complicated relational data models for decentralized games, apps, and NFTs. The models are stored and distributed on the Tableland Network, a decentralized network of validators governed by the Tableland Protocol.
The Tableland Network is currently available in beta on Ethereum, Polygon, Arbitrum, and Optimism, with an incentivized testnet planned for Q4 2023, followed by a production mainnet in early 2024.
“SQL is by far and away the most popular programming language in the world for relational databases, yet it is practically non-existent in web3,” said Alex Felix, Founder & CIO at CoinFund. “The talented and ambitious Tableland team is solving this problem by bringing the familiarity of serverless relational databases and SQL to web3, thus paving the way for a new era of data-centric applications to emerge.”
Tables in Tableland are on-chain assets that can be grouped into data models controlled by wallet-based authentication, row-level permissions, or smart-contract integration. Developers can create tables, insert or query data, and grant write access to their databases with other NFTs, access tokens, or address-based rules. The combination of these features makes the database layer of applications more composable and web3 native.
Tableland Studio is a new developer platform for designing and reusing relational database models that helps developers build apps faster. It provides a directory of pre-built data models, easy connectors for smart contracts, collaboration tools, and a suite of pre-built integrations with other protocols, such as IPFS, Filecoin, and ENS. Tableland Studio is making exciting progress and approaching its initial release for beta testers.
“For NFT creators, Tableland offers an efficient and structured alternative to storing data on-chain,” said Andrew Hill, Co-founder at Tableland. “For game creators, Tableland makes ‘crafting NFTs’ easier due to the composability of each NFT’s metadata. It also makes creating Lootboxes cheaper by moving state mutations off-chain.”
Tableland currently supports Ethereum, Polygon, Arbitrum, and Optimism, and is set to announce Filecoin FVM integration in the coming weeks. Further plans are in place to support zkEVMs later this year.
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