Web3 development tool provider Cubist announced the completion of a $7 million seed round of financing, led by Polychain Capital, with participation from Dao5, Polygon, Amplify Partners and Axelar.

It is reported that Cubist was co-founded by Ann Stefan, a former fraud operation expert, and Riad Wahby, Fraser Brown and Deian Stefan, former computer security professors at institutions such as Carnegie Mellon University and the University of California, San Diego. The company's services are centered on the direction of development best practices such as continuous integration and deployment and strong documentation. (The Block)