Halliday Raises $20M in Series A Funding Led by a16z

• Funding Details:

  • Halliday secured $20 million in Series A funding, led by a16z crypto, with participation from Avalanche Blizzard Fund, Credibly Neutral, and Alt Layer.
  • This follows a previous $6 million seed round in 2022, bringing total funding to over $26 million.

• Investment Purpose:

  • The funds will accelerate development of Halliday’s Workflow Protocol, which enables onchain application creation without smart contracts.
  • The investment also supports the expansion of Halliday Payments and its team.

• Halliday’s Workflow Protocol:

  • Eliminates the need for smart contracts, reducing complexity and time required for app development.
  • Allows developers to automate workflows (e.g., onramping to L2, treasury management) in hours instead of months or years.

• Partnerships and Use Cases:

  • Stress-tested with major projects like DeFi Kingdoms, Core Wallet (Ava Labs), and ApeChain since 2023.
  • Will soon integrate with Story Protocol, Lens, Frax, and other leading blockchain platforms.
  • Enables Web2 and Web3 businesses to build apps without smart contract complexity.

• Market Implications:

  • Simplifies entry for traditional finance (banks, fintechs) into decentralized economy via digital asset payments, stablecoin subscriptions, and programmable treasury management.
  • Addresses challenges in AI-driven blockchain automation by providing a robust infrastructure for oversight and control of workflows.

• Competitive Dynamics:

  • Halliday’s protocol offers a unique value proposition by reducing technical barriers to onchain development, potentially disrupting the smart contract-dominated market.

• Long-Term Effects:

  • Could accelerate adoption of blockchain technology across industries by making app development more accessible and efficient.
  • May drive innovation in decentralized financial applications and AI-driven automation onchain.