Web3 asset data platform RootData announced on the 5th that it has completed a $1.25 million seed round of financing led by NLVC. Participating investors include Boyaa Interactive (00434.hk), Bonfire Union Ventures (a fund under Mask Network), Sending Labs, Skyland Ventures, GoPlus, Basics Capital, Rebase D. Ventures, UniSat, and SeeDAO. Founders of Orbiter Finance Gavin, co-founder of Alchemy Pay Shawn Shi, and co-founder of 0xScope Jackson also participated in this round of financing.
The funds raised in this round will be mainly used for product development and market expansion.
Tony, a partner at NLVC, stated that the RootData team has outstanding data aesthetics and strong execution capabilities. The impressive word-of-mouth from more users makes it reasonable to believe that RootData will become an important entry point for more people to enter the Web3 industry.
RootData is a Web3 asset data platform that pioneers in encapsulating on-chain and off-chain data of Web3 assets, providing higher data structuring and readability. Currently, RootData processes over 3.4 million searches and queries per month, and has become an indispensable data platform for over 1.5 million Web3 users in investment decision-making.
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