Hashed, Binance, Coinbase, and others invest $2M into blockchain data network Covalent

2021-3-25 20:16

CryptoNinjas » Hashed, Binance, Coinbase, and others invest $2M into blockchain data network Covalent

Covalent, a blockchain data provider, today announced it has closed a $2 million strategic funding round led by Hashed Ventures with participation from Binance Labs, Coinbase Ventures, Delphi Ventures, Hypersphere Ventures, and others to launch a decentralized version of its data query network.

“We envision a future that is fair and equitable to all data stakeholders, which starts with giving developers across all enterprises access to the richest source of blockchain data. It’s clear that the crypto and DeFi community value access to this exhaustive data source, which Covalent provides,” said Ganesh Swami, CEO & Co-founder of Covalent.

Covalent’s funding round also saw participation from leading blockchain protocols, including Moonbeam, Avalanche, Near, and Elrond, signaling a community belief in enhancing the accessibility of exhaustive, on-chain data, the third breakout category of crypto after trading and custody.

Along with the blockchain protocols, Covalent has secured an initial cohort of professional staking validators including Ankr, Figment, Chorus One, and StakeWithUs.

Covalent

This funding round will help kickstart the progressive decentralization of the Covalent network, allowing a permissionless, sharded, global database for every single point of granular and historical blockchain data.

Covalent already serves leading crypto, DeFi and NFT projects such as 0x, Zerion, Balancer, Reef, and NFTX and this funding will accelerate the development of new product offerings such as multi-chain capabilities and support for granular NFT data.

“Covalent is the most robust data infrastructure for the blockchain ecosystem trusted by many leading decentralized services today. We couldn’t be happier to back Ganesh and the team as lead investors, and we look forward to helping grow the decentralized network when it launches,” said Baek Kim, Senior Associate at Hashed Ventures.

Since its funding round last summer, the number of customers employing Covalent’s data has grown to over 100 customers and the number of blockchains indexed has increased from one to six, with the team expecting to index a total of 12 blockchains by the end of the year.

Currently, granular and historical blockchain data from Polygon (formerly Matic), Binance Smart Chain, Polkadot, Avalanche, and Ethereum are all available with the Covalent API.

Covalent is also gearing up for a public token sale and is currently distributing 1% of the token supply – which equates to millions of dollars – to its Alchemists Ambassadors.

Alchemist Ambassadors act as key leaders in developing the Covalent ecosystem and receive investment into their growth & development – applications for the program are now open.

CryptoNinjas » Hashed, Binance, Coinbase, and others invest $2M into blockchain data network Covalent

origin »

Bitcoin price in Telegram @btc_price_every_hour

Streamr DATAcoin (DATA) на Currencies.ru

$ 0.000977 (+1.98%)
Объем 24H $141.271k
Изменеия 24h: -3.23 %, 7d: 0.13 %
Cегодня L: $0.000958 - H: $0.0010199
Капитализация $1.234m Rank 1819
Цена в час новости $ 0.1745 (-99.44%)

data ventures network covalent hashed blockchain binance

Источник: cryptoninjas.net

data ventures → Результатов: 75


Data Gumbo gets $4M Series B funding to grow GumboNet blockchain

Data Gumbo, creators of an industrial blockchain network, today announced the first close in its Series B funding round of $4 million led by new investor L37, a Bay Area and Houston-based venture capital company, with return investments from Equinor Ventures, the venture subsidiary of Equinor, and Saudi Aramco Energy Ventures, the venture subsidiary of […] CryptoNinjas » Data Gumbo gets $4M Series B funding to grow GumboNet blockchain

2020-9-25 22:38


FalconX Exchange Raises $17M to Enhance Crypto Trading Services For Its Growing Demand

FalconX, the US-based virtual assets trading startup that offers its customers best execution via data science, has announced that it has raised $17 million from different investors. The firm stated that the funding round comprised Coinbase Ventures, Accel, Fenbushi Capital, Accomplice VC, Lightspeed Venture Partners, Flybridge Capital Partners as well as Avon Ventures. According to […]

2020-5-14 23:36


Фото:

JP Morgan инвестирует в британский финтех

Финтех-стартап Mosaic Smart Data, основным направлением работы которого является анализ рыночных данных, привлек $9 млн, говорится в сообщении проекта. В раунде финансирования приняли участие венчурное подразделение банка Commerzbank, компания Octopus Ventures, а также американский финансовый холдинг JP Morgan.

2019-4-29 16:10


Фото:

Американская ассоциация банкиров поддержала финансирование финтех-стартапа Finxact

Американская ассоциация банкиров (ABA), холдинговая компания SunTrust Banks и консалтинговая фирма Accenture присоединились к раунду финансирования финтех-стартапа Finxact размером $30 млн. Об этом компания сообщила в официальном пресс-релизе.

2019-1-28 15:10


Фото:

Американская ассоциация банкиров инвестировала в финтех-стартап Finxact

Американская ассоциация банкиров (ABA), холдинговая компания SunTrust Banks и консалтинговая фирма Accenture присоединились к раунду финансирования финтех-стартапа Finxact размером $30 млн. Об этом компания сообщила в официальном пресс-релизе.

2019-1-28 15:10


Blockchain Business in Crypto Valley Has Doubled Since Last Year: Report

The number of blockchain-related companies in Switzerland and Liechtenstein has doubled in the last year, according to a new study published by CV VC. The Zug-based firm, in partnership with Strategy& (PwC’s global consulting arm) and inacta, compiled information about the top 50 blockchain and digital asset companies between the two countries.

2018-10-11 00:18


Фото:

AMA With Origin Team Reveals Plans for Decentralized Sharing Economy

Matt Liu, Josh Fraser and former PayPal head Yu Pan want to bring the blockchain to the sharing economy. The trio is devising a platform with an emphasis on inclusive, peer-to-peer service hubs designed to decentralize the same consumer cost-friendly business models that have made companies like Airbnb, Uber and Lyft so popular in recent years.

2018-8-16 23:25


дальше еще 26 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru

zkLend: blockchain money market protocol built on StarkNet raises $5M

zkLend, a money market protocol being built on StarkNet, has announced it has raised $5 million in seed-round funding led by Delphi Digital, anchored by StarkWare and Three Arrows Capital. Produced on Starkware’s StarkNet, zkLend will be able to scale at a factor of 1-200 of Ethereum’s usual cost, while inheriting Ethereum’s high level of […] The post zkLend: blockchain money market protocol built on StarkNet raises $5M appeared first on CryptoNinjas.