Daylight, an Application Programming Interface (API) that aggregates Web3 perks all in one place, has raised $3M in a seed round co-led by Framework Ventures, a venture capital firm known for its early entry into decentralized finance (DeFi), and Chapter One, an early stage venture fund focused on accessibility and usability of crypto. The round also saw participation from OpenSea, 6th Man Ventures, Eniac Ventures, Seed Club Ventures, Tomahawk, and Spice Capital, Uncommon Projects, and Very Serious Ventures, as well as individuals such as Nick Beattie (Rainbow), Itamar Lesuisse (Argent), Reka (Guild), RAZ (Guild), Trevor McCedries (Brud), Alex Adelman (Lolli), Alex Zhang (FWB), Serafin Lion Engel (Omni Wallet), Will Papper (Syndicate), and Brenner Spear (Metagame), and Jon Wu (Aztec Network).
Daylight was founded in April 2022 and recently demonstrated its API by launching a consumer web app in October, attracting around 14,000 closed beta users and a waitlist of 15,000 users. The Daylight API aggregates all of Web3 perks – what Daylight calls “abilities” – that users qualify for based on their wallet address. These “abilities” include minting derivative NFTs, claiming airdrops, and gaining access to token-gated experiences.
“Your wallet address has special abilities that you don’t know about, based on the tokens you hold, the allowlists you are on, and the smart contracts you’ve interacted with,” said Kyle McCollom, CEO of Daylight. “These abilities are a huge part of how we interact with each other and how communities engage their members, but there is currently no way for people to see or manage all of them in one place. That is why we built Daylight – to give everyone the tools they need to easily uncover everything they can do by using any app powered by the Daylight API.”
Daylight aggregates Web3 abilities through a variety of methods including indexing on-chain data, integrating data from community tools such as POAP, Snapshot, and Guild, and by receiving submissions from Daylight Scouts, a community that hunts for abilities across the Web3 ecosystem.
“The massive growth of the DeFi and GameFi sectors over the last year has given rise to a number of new online communities that are looking for creative ways to engage their users and grow their ecosystem,” said Joe Coll, Venture Investor at Framework Ventures. “As the dApp space continues to expand, we think Daylight could be the number one guide that helps users make the most of their Web3 experience without them having to constantly monitor Discord and Twitter to understand all that they are capable of. We look forward to working with the Daylight team as they continue to onboard new users and integrate with the leading dApps and wallets across the Web3 ecosystem.”
“The beauty of tokens is that in addition to holding financial value they also act as keys to a suite of actions that users can take,” said Mene Mazarakis, Investment Partner at Chapter One. “Daylight is building the essential infrastructure that indexes all available actions users can take – like unlocking like mints and airdrops – and showing these abilities within dApps and wallets. We’re excited to back Kyle, Morley, and the Daylight team as they deepen user’s relationships with token-powered communities across Web3.”
Daylight will utilize the funding from the round to further customize its API product to suit the needs of its wallet app customers and grow the Scout community. On November 14, Daylight’s own consumer web app moved out of closed beta and is now available to anyone with an Ethereum address. In the coming months, major wallet apps will integrate the Daylight API to acquire and retain users.
About Daylight
Daylight is an aggregator of everything you can do in web3: mints, airdrops, unlocks, votes, and more. Wallet apps and NFT marketplaces use Daylight’s API to tell users what they can do, boosting user delight, acquisition, and retention. Community tools use Daylight’s API to distribute token-gated or allowlisted mints, claims, or unlocks to relevant users.
To learn more, visit https://www.daylight.xyz/ and follow the team on Twitter https://twitter.com/daylight.
About Framework Ventures
Framework is a team of technologists, researchers and investors who buy assets of, who build for, and who participate in open crypto networks. At its core, Framework is a technology company, building products and services to support the open blockchain networks that they invest in. Through its registered investment adviser, Framework Ventures Management LLC (“Framework Ventures”), the firm has backed dozens of notable companies in the decentralized finance and Web3 space.
To learn more, visit https://framework.ventures.
About Chapter One
Chapter One is a venture capital firm focused on contributing to and investing in crypto networks. With a mission to onboard the next billion users to crypto networks through accessibility and usability, Chapter One is built to identify, invest in, and support generational cryptonative projects. Alongside investing, the firm features a full-stack product team building alongside founders across product, design, data science, community, and talent. Since founding, Chapter One has backed some of the leading projects and protocols in the Web3 space.
To learn more, visit https://chapterone.com/.