EasyA Secures Unicorn Status Ahead of Public Listing, Emphasizing Blockchain and AI Integration

Overview

Blockchain and AI development platform EasyA has become the latest tech unicorn after reaching a $1.1 billion valuation, the company disclosed Wednesday.

Founding and Growth

Founded by brothers Phil and Dom Kwok and built without outside funding, EasyA has grown to more than 1 million users through an app that teaches coding with bite-sized daily challenges and enables users to develop and launch applications on their phones.

Vision and Strategy

The company also runs hackathons where developers and non-coders collaborate on applications and startup ideas.

Valuation and Future Plans

EasyA's valuation, which was determined by an independent third-party firm using audited financial statements, comes as the company moves toward a proposed public listing.

Integration of Blockchain and AI

Kwok noted that blockchain and AI are contributing equally to EasyA's growth, despite current attention surrounding AI. He called blockchain a fundamental technology that could 'rewire' the global financial system, adding that EasyA aims to help users discover and make use of emerging technologies.

Partnerships and Collaborations

EasyA works with more than 350 academic institutions, while startups from its ecosystem have a combined valuation of nearly $50 billion and have attracted investment from a16z, Founders Fund and Y Combinator. Its partners include major technology and crypto companies such as Google, Coinbase, Ripple and Solana, among others.