Web3 asset data platform RootData announced on the 5th that it has completed a $1.25 million seed round of financing led by NLVC.
(Background:
RootData: 2023 Web3 Industry Development Research Report and Annual TOP List)
(Background Supplement:
The world’s largest Web3 venture capital fund “a16z” is rumored to be raising $6.9 billion: focusing on AI artificial intelligence and gaming.)
This article is a press release written and provided by RootData and does not represent the position of the Dynamic Zone.
Web3 asset data platform RootData announced the completion of a $1.25 million seed round of financing, led by NLVC. Other participants in this round 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. Gavin, the founder of Orbiter Finance, Shawn Shi, the co-founder of Alchemy Pay, and Jackson, the co-founder of 0xScope, also participated in this round of financing.
The funds raised in this round will be mainly used for product research and development, market expansion, and other aspects.
Tony, a partner at NLVC, said that the RootData team has outstanding data aesthetics and strong execution ability. The impressive word-of-mouth spread among users gives reason to believe that RootData will become an important entry point for more people to enter the Web3 industry.
It is reported that RootData is a Web3 asset data platform that pioneers the encapsulation of on-chain and off-chain data of Web3 assets, with higher data structuring and readability. Currently, RootData handles over 3.4 million searches and queries per month and has become an essential data platform for over 1.5 million Web3 users in their investment decision-making.
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