THXLAB

What THXLAB does

THXLAB is a Japan-based, privately held blockchain infrastructure company founded in 2022 and headquartered in Tokyo, operating the THXNET Web3-as-a-Service platform. The company targets Web2 enterprises and developers seeking to integrate blockchain functionality without building proprietary infrastructure, addressing the global shortage of blockchain engineers and the complexity of Web3 adoption. THXNET is built on a Substrate-based hybrid Layer 0 (Rootchain) and Layer 1 (Leafchain) architecture, with the Layer 0 compatible with Polkadot's Relaychain and each project able to deploy a dedicated, permissioned L1 Leafchain. The platform exposes Web2.0-compatible APIs (TypeScript SDK) for wallet management, token operations, and on-chain/off-chain engineering, enabling developers without blockchain experience to ship features in days to a week.

The product surface includes THXCONNECT (a mobile developer portal app on iOS and Android), ID-Wallet (email-based unified wallet), HybridNFT (on-chain/off-chain hybrid NFTs), and ConnectToEarn and ShareToEarn protocols that reward users with THX tokens for connecting services and sharing user attributes via the Agnostic Mesh. Additional planned items include Layered DAO, WASM-injection-based Customizable Scoring, Private Leafchain, Bridged PoS, and a Web3 Service Marketplace. THXLAB monetizes primarily through an enterprise SaaS subscription with fiat monthly billing, supplemented by a token-based ecosystem expected to launch around a THX Token Generation Event in April–May 2024. The go-to-market is hybrid: product-led growth via the developer portal and app, combined with enterprise field sales targeting Web2 companies in Japan and planned expansion to South Korea, Singapore, China, India, and Southeast Asia, supported by event-driven marketing at conferences such as the TEAMZ Web3/AI Summit and the KOSEN Intercollege Challenge. As of the latest data, the main-net has been live since June 2023 with 2 active L1 chains, 133,200+ active wallets, 10,000+ monthly transactions, and 20+ projects developed, though revenue, funding, and headcount beyond the founding team are not disclosed.

Name

THXLAB

Legal name

THXLAB

Website

https://thxnet.org

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

1–10 employees

Short description

THXLAB is a Japan-based blockchain infrastructure company operating the THXNET Web3-as-a-Service platform, which provides a Substrate-based Layer 0/Layer 1 hybrid blockchain, Web2.0-compatible APIs, and a developer portal app that enable Web2 companies and developers to build and deploy decentralized applications without deep blockchain expertise.

Ownership category

akta.pro rank

Product category

Blockchain Infrastructure

NAICS

Computer Systems Design and Related Services (54151), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518)

SIC

Services-Computer Integrated Systems Design (7373), Services-Prepackaged Software (7372)

akta.pro primary industry

Smart Contract Developer Platforms & Tooling (SDKs, APIs, frameworks, indexing) (FSAPAAAH)

akta.pro secondary industries

Interoperability & Cross-Chain Infrastructure (Bridges, Messaging, Atomic Swaps) (FSAGAMAI), Deployment, Automation & DevOps (build pipelines, contract deployment tools) (FSAPABAH)

Keywords

• Blockchain infrastructure
• Web3-as-a-Service
• Layer 0 blockchain
• Web3 APIs
• Decentralized applications

Headquarters

HQ city

Tokyo

HQ country

Japan

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Marketing or Sales, Operations, Infrastructure

Revenue model

1. SaaS Subscription (Fiat Monthly Payment): Enterprise-focused SaaS model with fiat monthly payment for immediate use. Includes dedicated L1 chains backed by L0, built-in 2Earn mechanism, and comprehensive interoperability.
2. Token-based Ecosystem: THX token used for network validation, staking, and as incentive within ConnectToEarn and ShareToEarn protocols. Token generation event expected around April-May 2024.

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels9 records

Core offering

THXLAB develops and operates THXNET, a Web3-as-a-Service blockchain platform combining a Substrate-based Layer 0 Rootchain with Layer 1 Leafchains. The platform exposes Web2.0-compatible APIs and developer tools (THXCONNECT mobile portal, ID-Wallet, HybridNFT, ConnectToEarn, ShareToEarn) that let enterprises build decentralized applications, NFT platforms, wallets, and tokenized services without deep blockchain expertise, sold via SaaS subscriptions with fiat monthly payment.

Product overview

THXLAB operates THXNET as a unified Web3-as-a-Service platform combining Layer 0 / Layer 1 hybrid blockchain infrastructure with developer tools and consumer-facing applications. The core offering is the THXNET blockchain network (Rootchain + Leafchains), which is augmented by THXCONNECT (a developer portal mobile app), the THXNET API for programmatic access, ID Wallet for user identity management, and specialized protocols including HybridNFT, Connect-To-Earn, and Share-To-Earn. The platform is designed to enable Web2 companies to rapidly transition to Web3 through simplified APIs, fiat payment support, and enterprise-focused SaaS delivery.

Differentiator

Problem solved

Functional benefit

Brands

• THXCONNECT: A one-stop mobile app platform for developers to explore, build, connect, and discover THXNET infrastructure, offering DApp application service and support.
• THXNET API
• ID-Wallet
• HybridNFT
• ConnectToEarn
• ShareToEarn

Products and services

• THXNET Blockchain Platform A Layer 0 / Layer 1 hybrid blockchain network infrastructure providing Web3-as-a-Service (Web3-aaS) excellence, built on the Substrate framework with on-chain and off-chain engineering and a Web2.0-compatible API layer. Sold to enterprises as a managed blockchain backend.
• THXNET API Comprehensive Web3 API enabling wallet management, token operations, and on-chain/off-chain engineering via Web2.0-compatible APIs, designed for enterprise adoption with SaaS billing and fiat payment support. Targets developers and engineering teams integrating Web3 features.
• THXCONNECT Developer Portal App A one-stop mobile portal app platform for developers to explore, build, connect, and discover THXNET infrastructure, including ID Wallet, HybridNFT, ConnectToEarn, ShareToEarn, and As-a-Service features. Available on iOS App Store and Google Play.
• ID-Wallet Unified wallet protocol integrated with THXNET Leafchains that lets users create a wallet using only an email address, enabling authentication and interaction across all THXNET chains and external services via the Agnostic Mesh.
• HybridNFT Full-suite plug-and-play on-chain / off-chain hybrid NFT offering that combines on-chain ownership with off-chain metadata, enabling rapid NFT marketplace and digital asset deployment on THXNET.
• ConnectToEarn Protocol Protocol that distributes THX tokens as incentives to users who connect to services using the ID-Wallet, driving user engagement and network effects across the THXNET ecosystem.
• ShareToEarn Protocol Protocol rewarding users with THX tokens for sharing user attributes across services, allowing both disclosing services and the original data source to earn and forming the Agnostic Mesh (Web3-Data-Mesh).
• Agnostic-Mesh Web3 Data-mesh Web3 data-mesh layer that connects user attributes and identity across services via the ShareToEarn protocol, enabling interoperable user data between THXNET-based applications.
• Layered DAO On-chain governance mechanism enabling layered decision-making across the L0 Rootchain and individual L1 Leafchains on THXNET.
• Customizable Scoring (WASM-injection) WASM-injection based customizable scoring feature that lets enterprises tune protocol behavior on their THXNET Leafchains via injected WebAssembly modules.

Quantifiable outcome

• Engineers with no blockchain experience can implement Web3 features in days to a week
• +1 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Feature8 records

Partnerships

Seven partnerships are on record, tiered core, minor and flagship.

• TEAMZcoreGTM or Marketing Partner · 1 April 2024TEAMZ organizes the Web3/AI Summit in Tokyo where THXNET hosted the Web3 Connect side-event. TEAMZ has extensive network within Web3 and AI communities. THXNET supports TEAMZ by integrating blockchain solutions that streamline operations within their network.
• C3 VenturescoreStrategic or Co-development Partner · 1 April 2024C3 Ventures is a venture capital firm investing in promising blockchain startups. THXNET provides technological infrastructure and expertise including blockchain-as-a-service platforms, enabling C3 Ventures' portfolio companies to develop and launch scalable Web3 applications more efficiently.
• IZUTSUYAminorStrategic or Co-development Partner · 1 April 2024THXNET collaborates with IZUTSUYA leveraging blockchain technology to revolutionize retail experiences. Solutions include tokenizing assets and creating loyalty programs using blockchain, enhancing transparency and customer engagement in traditional business models.
• StayNexminorStrategic or Co-development Partner · 1 April 2024THXNET supports StayNex in the travel and hospitality sector by implementing blockchain-based solutions that streamline booking processes and improve data security. Blockchain's immutability and transparency create a trustworthy and efficient service delivery model.
• BANQ CorporationcoreStrategic or Co-development Partner · 22 October 2023BANQ Corporation serves as the Web3-aaS technology partner presenting THXNET blockchain infrastructure for the KOSEN Intercollege Challenge. BANQ is a Japan-originated Web3-aaS company focused on enabling services and users to easily enjoy Web3 benefits. CEO Munetaka Takahashi also serves as THXNET's Chairman.
• SMBC Nikko Securities Inc.flagshipStrategic or Co-development Partner · 22 October 2023SMBC Nikko Securities partnered with THXNET for the KOSEN Intercollege Challenge hackathon. The securities firm continues to support KOSEN with unique technical education curricula while deepening cooperation with KOSEN and its graduates. President & CEO: Yuichiro Kondo, Headquarters: Tokyo.
• NYK LineflagshipStrategic or Co-development Partner · 22 October 2023NYK Line participated in the KOSEN Intercollege Challenge presenting real-world corporate challenges for students to solve using THXNET infrastructure. Focus areas included operational efficiency, HR strategies, and business expansion. President: Takaya Soga.

Scale indicators5 records

Recent moves8 records

Expansion highlights6 records

Broad incumbents

• Avalanche: Layer 1 platform with subnets (custom app-specific L1s) — a comparable architecture pattern to THXNET's dedicated Leafchains per project, but with a much larger validator set, ecosystem, and enterprise footprint.
• Polygon Labs: Major L2/L1 blockchain infrastructure provider with a broad Web3-as-a-Service-style developer stack (Polygon CDK, Polygon PoS). Significantly larger and more established than THXLAB but competes for the same Web2-to-Web3 transition budget.

Direct peers

• Chainstack: Blockchain-as-a-Service provider offering hosted nodes and tooling across multiple chains. Comparable to THXNET's positioning as a multi-chain infrastructure service targeting enterprise and developer customers.
• Moonbeam: Polkadot parachain providing Ethereum-compatible smart contracts on Substrate. Comparable to THXNET's Leafchain model and its goal of making Web3 development feel Web2-friendly, with overlapping enterprise/Asia go-to-market.
• Alchemy: Leading Web3 developer platform and node infrastructure provider with APIs/SDKs for wallet, token, and on-chain engineering. Directly comparable to THXNET's Web3-aaS API layer and target developer persona.
• Polkadot: The reference Substrate-based Layer 0 / Relaychain ecosystem. THXNET's Rootchain is explicitly designed to be compatible with Polkadot's Relaychain and Parachain, making Polkadot the most direct architectural and ecosystem peer.
• Astar Network: Substrate-based Polkadot parachain offering a smart-contract platform with a developer-friendly WASM stack. Closely comparable to THXNET in Substrate origin, multi-VM smart contract tooling, and Japan/Asia Web3 enterprise focus.
• NEAR Protocol: Layer 1 blockchain with a strong emphasis on developer experience, account abstraction (email-style onboarding), and progressive onboarding of Web2 developers — directly analogous to THXNET's Web2.0-friendly APIs and ID-Wallet positioning.

Others

• BANQ Corporation: Japan-originated Web3-aaS company and THXLAB's strategic Web3-aaS technology partner (CEO Munetaka Takahashi is also THXLAB's Chairman). Comparable as a directly adjacent Japan-based Web3-as-a-Service enabler with overlapping enterprise customer base.

Emerging players

• Manta Network: Substrate-based Polkadot ecosystem project focused on programmable privacy and Web3 infrastructure. Comparable as an emerging Substrate-native L1/L2 player with overlapping developer tooling ambitions and Asia engagement.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/THXNET_Web3aaS
• LinkedInlinkedin.com/company/thxlabinc

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about THXLAB