Web3 asset data platform RootData announced the completion of a $1.25 million seed round financing, led by NLVC

2024-04-05 20:08:27

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ChainCatcher news, the Web3 asset data platform RootData announced the completion of a $1.25 million seed round financing, led by NLVC, with participation from Boya Interactive (00434.hk), Bonfire Union Ventures (a fund under Mask Network), Sending Labs, Skyland Ventures, GoPlus, Basics Capital, Rebase D. Ventures, UniSat, and SeeDAO. Gavin, the founder of Orbiter Finance, Shawn Shi, co-founder of Alchemy Pay, and Jackson, co-founder of 0xScope, also participated in this round of financing. The funds will primarily be used for product development and market expansion.

Tony, a partner at NLVC, stated that the RootData team has outstanding data aesthetic capabilities and strong execution. The impressive organic word-of-mouth growth from numerous users gives reason to believe that RootData will become an important entry point for more people into the Web3 industry.

It is reported that RootData is a Web3 asset data platform that first encapsulates on-chain and off-chain data of Web3 assets, with higher data structuring and readability. Currently, RootData processes over 3.4 million search and query requests each month, becoming an essential data platform for over 1.5 million Web3 users' investment decisions.

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