Moralis, a web 3 development platform, announced the addition of support for Polkadot's parachain Moonbeam Network to its suite of Application Programming Interfaces (APIs), according to a press release shared with CryptoSlate.

Moralis assists developers in overcoming challenges when transitioning from Web2 systems to decentralized blockchain applications through its APIs. These APIs enable the creation of new projects and integration into existing decentralized applications (dApps) utilizing Moralis' solution.

Moonbeam developers can integrate wallet functionalities via Moralis' Wallet API and access comprehensive data including token prices, NFTs, transactions, real-time on-chain activities, user engagement, market insights, and trend data.

Moreover, the collaboration extends Polkadot's reach to other networks, allowing developers on various chains to integrate Moonbeam support for different dApps using Moralis. According to Moralis' website, Moonbeam offers familiar tools and integrations, simplifying the transition for Ethereum developers into the Polkadot ecosystem.

Ivan Liljeqvist, CEO of Moralis, expressed enthusiasm about the integration, highlighting its role in streamlining the development process for top-tier dApps in the crypto industry. He emphasized the combined benefits of Moonbeam and Moralis, providing an exceptional platform for dApp development along with world-class APIs.

Aaron Evans, Head of Operations at Moonbeam, underscored the significance of the partnership in creating more opportunities for builders. He noted that the collaboration would offer greater support to developers who share Moonbeam's vision of establishing a fully integrated Web3 ecosystem.

In 2022, Moralis raised $40 million in a Series A funding round, attracting notable investors such as Coinbase Ventures. Since then, its API has gained significant adoption from leading Web3 projects, including MetaMask, Blockchain.com, and Opera.