funding 2021-09-07

bitsCrunch Raises $750,000 Seed Funding

The funds will be used for getting the products into production, and for the infrastructure to expand to other blockchains in the space to provide NFT collectors and traders with the best analytics capabilities possible

By Content Writer
bitsCrunch Raises $750,000 Seed Funding

Germany-based bitsCrunch, an NFT-focused blockchain analytics company, on Monday announced to have raised a Seed round of $750,000 from the Covalent, Double Peak, GenBlock Capital, Ledger Prime, MEXC Global, and Synaps. It is headquartered in Chennai in India as well.

The funds will be used for getting the products into production, and for the infrastructure to expand to other blockchains in the space to provide NFT collectors and traders with the best analytics capabilities possible.

“We believe that blending a proven technology like Artificial Intelligence (AI) with Blockchain technology can make wonders and makes the ecosystem safer and more reliable. We would like to put back the trust among people who still has some concerns over the technology,” said Saravanan Jaichandaran, co-founder and chief data scientist, bitsCrunch.

bitsCrunch aims to safeguard the NFT ecosystem. Seeing issues like forgeries, wash-trading, and inefficient asset valuation in the NFT space.

“As the NFT eco-system rapidly grows, we find bitsCrunch’s AI products to be essential that will further safeguard and enhance the experience of everyday users navigating the space. The team has made excellent progress in recent months. Most notably, an important partnership with eco-system giants, Rarible, and Polygon, and the completion of NFTMarketcap, which will prove to be an invaluable tool for marketplace analysis. We are excited to see the future unravel for bitsCrunch and are confident their products will become a core component of the NFT eco-system,” added, Bilal Junaid, founder, GenBlock Capital.

The company has said to have seen more than eightfold growth in the global user base over the last year.

हिंदी  में पढ़ने के लिए इस लिंक पर क्लिक करें

 

 

Comment
image
image
mobile
address
star franchise india
Related opportunities
  • Greetings from In10city A New Age Media/Publishing Company that is..
    Locations looking for expansion Tamil nadu
    Establishment year 2009
    Franchising Launch Date 2011
    Investment size
    Space required 1000-3000 SQ.FT.
    Franchise Outlets -NA-
    Franchise Type -NA-
    Headquater Egmore nungambakkam Tamil nadu
  • Quick Service Restaurants
    Dimsum Box is a Premium Dimsum Chain originating from Chandigarh...
    Locations looking for expansion Chandigarh
    Establishment year 2014
    Franchising Launch Date 2015
    Investment size Rs. 10lac - 20lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Chandigarh Chandigarh
  • Imitation/Art/Junk Jewellery
    About Us: Incepted in 2013, Voylla is India’s largest fashion jewelry..
    Locations looking for expansion Rajasthan
    Establishment year 2013
    Franchising Launch Date 2017
    Investment size Rs. 20lac - 30lac
    Space required 150
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Sanganer Rajasthan
  • Tea And Coffee Chain
    About: Zealong’s latest endeavour a Quick Service Restaurant, Chai Central! Chai..
    Locations looking for expansion Haryana
    Establishment year 2018
    Franchising Launch Date 2020
    Investment size Rs. 10lac - 20lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New Delhi Haryana
Insta-Subscribe to
The Franchising World
Magazine
tfw-80x109
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
email
mobile
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities
More Stories

Free Advice - Ask Our Experts

pincode
;
ads ads ads ads