Feature Fridays: Splits

Welcome back to Feature Fridays! This week, we're excited to spotlight Splits, a pioneering platform in financial infrastructure for onchain teams. Will Minshew, who serves as CEO alongside his cofounder Abram Dawson, helms this innovative venture. With a diverse background that spans private equity, fintech startups, and a peer-to-peer GPU compute marketplace, Will has consistently engaged with "weird finance things."

Q & A with Splits 👇

Could you introduce yourself by sharing your name, prior experience, and current role within your company? Additionally, please briefly explain your company's mission and what it offers to its customers.

I’m Will Minshew, leading the company alongside my cofounder Abram Dawson. Technically I’m the CEO, but we both write code and also handle various “executive” things. We divvy up those responsibilities project by project.

Splits builds financial infrastructure for onchain teams. We provide simple money legos, intuitive interfaces, and reliable developer tools that make it easy to receive, route, transform, and manage earnings across the internet.

In other words, Splits is a platform for onchain producers to manage their income. Think: internet-native bank (without custody). You can structure revenue-sharing agreements with external parties using collaborative payment flows like Splits and Waterfalls, and manage incoming funds with Swappers, Diversifiers, and soon smart accounts.

My personal work history bounces around a bit, from private equity, to a fintech startup focused on commercial real estate, to a peer-to-peer GPU compute marketplace. If there’s a throughline it’s “weird finance things.” I spent a couple years on each of those projects, then freelanced for a year before Splits came along. It goes to show you keep trying stuff.

How has your company grown and changed since its inception, and what do you have planned for its future?

Splits started as two people at a hackathon project. We’re now a team of eight, with ~$100m in volume through our contracts onchain. We’re focused on growing that number to $1 billion, as well as tracking the onchain, noncustodial equivalent of “assets under management” once our smart accounts become broadly available later this year.

What inspired you to develop Splits, and how did you conceive of the idea?

We were inspired by Mirror’s launch of merkle-tree splitters, and felt we could deliver something better if we optimized for situations with fewer expected recipients (2-100, say). The utility was obvious, especially since the crypto scene is so collaborative and people are always creating projects together.

Can you provide insight into Splits’s progress by sharing any metrics or milestones indicating its traction?

Our Dune dashboard shows usage stats. The number of Splits contracts has 10x’d over the past couple of months, now approaching 80k, due to hubbub around Base. It’s exciting to be part of this new wave of onchain activity.

Recently we launched our multichain-first app, v2 of the Splits contracts, and private alpha smart accounts for multichain teams.

Can you provide insight into the target market for Splits and what types of clients you work with?

We work with onchain creators and teams. If you earn onchain, you’ve probably interacted with one of our contracts on your favorite platform.

How does your company utilize QuickNode, and what benefits does it bring to your business operations?

We use QuickNode for its excellent network breadth as our provider of choice on Gnosis, Fantom, Avalanche, BSC, Holesky, and Base Sepolia.

About QuickNode

QuickNode is building infrastructure to support the future of Web3. Since 2017, we've worked with hundreds of developers and companies, helping scale dApps and providing high-performance access to 30+ blockchains. Subscribe to our newsletter for more content like this, and stay in the loop with what's happening in web3!