On April 5th, RootData, a leading Web3 asset data platform, announced the completion of a $1.25 million seed funding round.
The round was led by NLVC, with participation from Boyaa Interactive , Bonfire Union Ventures , Sending Labs, Skyland Ventures, GoPlus, Basics Capital, Rebase D. Ventures, UniSat, SeeDAO, and individual investors including Gavin, founder of Orbiter Finance, Shawn Shi, co-founder of Alchemy Pay, and Jackson, co-founder of 0xScope. The funding will primarily be used for product development and market expansion.
To manage the vast and complex data, RootData has developed an intelligent data processing system for data collection and cleaning over nearly a year. By combining process-oriented manual information processing and entry mechanisms, RootData has established the most credible off-chain data system in the Web3 industry, with data being actively used by prominent media such as The Wall Street Journal, Coindesk, Cointelegraph,Decrypt, and hundreds of industry KOLs.
RootData has also encapsulated its rich and accurate data into APIs to provide services externally. Any third-party partner pages can integrate RootData data, such as project investors, financing amounts, detailed introductions, social media links, etc., avoiding the cumbersome process and manpower investment of maintaining large amounts of project data while significantly improving user experience.
Tony, a partner at NLVC, expressed that the RootData team has impressive data aesthetic capabilities and strong execution power. The spontaneous word-of-mouth virality from many users is remarkable, and there’s good reason to believe that RootData will become an important entry point for many into the Web3 industry.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
$7.9 Million grant secured to preserve Balboa Island ferryA grant worth $7.9 million was secured in the effort to preserve the Balboa Island ferry, Orange County Supervisor Katrina Foley announced Wednesday.
Read more »
Web3 Base Layer Mystiko.Network Completed a $18 Million Seed Funding RoundCrypto Blog
Read more »
Bitget Wallet Reaches 20 Million Users, Becoming the Fourth Largest Global Web3 WalletCrypto Blog
Read more »
Immutable, Polygon and King River team up to raise $100 million for web3 gaming fundImmutable, Polygon Labs and King River Capital have joined hands to raise $100 million for a new web3 gaming fund.
Read more »
Jump Capital co-leads $7.5 million seed round for web3 AI firm RaiinmakerRaiinmaker lets users train AI from their smartphones and receive rewards proportional to their impact on the model.
Read more »
Gomble Games Secures $10 Million in Cumulative Funding to Advance Ambitious Web3 Gaming VisionCrypto Blog
Read more »