Blockchain
Solscan Secures $4 Million In Seed Round Co-Led by Multicoin Capital and Electric Capital
Following Fundraising, Leading Solana Block Explorer Plans to Launch a New Analytics Platform
Singapore, Singapore–(Newsfile Corp. – December 21, 2021) –
Figure 1: Solscan Secures $4 Million In Seed Round Co-Led By Multicoin Capital and Electric Capital
A block explorer is an online tool for searching and inspecting blockchain transactions. Launched in June 2021, Solscan’s block explorer today serves over 2.3 million monthly users and more than 180 million monthly data requests. In six months it has grown into the leading explorer within the ecosystem, partially because it has integrated with top projects.
“Solscan sees a massive opportunity and an unmet demand for Solana’s data validations and analytics. We are thrilled to have the support of these incredible partners in this seed round, and this investment will help us further deliver world-class products such as DeFi dashboard, NFT scan, and network’s monitoring amongst others. We look forward to working with other peer projects in the Solana ecosystem, and assisting with their data analytics needs,” said Le Ho, Solscan’s Director.
Solscan plans to release several new products in early 2021, including new network monitoring and analytics tools, enhanced developer tooling, and dedicated info pages for projects. The firm’s upcoming analytics platform, Solscan Analytics, will give users a more tailored, personalized experience. The platform will integrate on-chain and off-chain data to deliver high-quality market intelligence, such as hidden patterns and correlations, emerging market trends, profitable trading behavior characteristics, price anomalies, whale interactions, and fraud detection. The platform will be priced on a subscription-based model.
“Solscan is the front page of the Solana ecosystem, and they are building a very unique type of network effect. They have integrated many Solana protocols into the Solscan front end to deliver a better block explorer. Those protocol teams have in turn integrated Solscan as the flagship block explorer. The network effect is working, and Solscan is accelerating its growth,” said Kyle Samani, Managing Partner, Multicoin Capital.
Besides the financial support from investors in blockchain, Solscan will also leverage their connections to accelerate integrations and user adoption. The success of the seed funding round is a major milestone in the Singapore-based firm.
“I have known the Solscan team personally for over 5 years. It consists of committed and resourceful people, who were critical in bringing the project forward in the early stages of the Web3 development. Since then, I have felt the passion of the team and have been truly convinced of their ability to execute. Within Solana’s ecosystem, Solscan has established itself as an outstanding tool for Solana developers to generate Web3 products more effectively and efficiently. Solscan is undoubtedly an indispensable Swiss army knife on Solana,” said YY, Partner at Signum Capital.
“Solscan team comprises of seasoned blockchain engineering professionals and we were impressed by their thoughtful roadmap of API first on-chain visibility, analytics and Web3 integrations. We anticipate Solscan to be the primary gateway to track your on-chain activities”, said Saurabh Sharna, Partner and Crypto Lead at Jump Capital.
About Solscan
Solscan is a full-suite block explorer and data analytics platform focusing on the Solana ecosystem. It provides a vast range of data services for users, developers, and projects. To learn more, visit https://solscan.io/.
About Multicoin Capital
Multicoin Capital is a thesis-driven investment firm that invests in cryptocurrencies, tokens, and blockchain companies. As crypto networks and companies will create trillions of dollars of value over the next decade, a new way to invest is emerging. New tools, heuristics, and security measures are needed to responsibly invest in this ecosystem. We leverage our deep understanding of blockchain technology and crypto markets to deliver exceptional returns. For more information, visit: https://multicoin.capital.
About Electric Capital
Electric Capital is a venture firm that invests in cryptocurrencies, blockchain-based businesses, fintech companies, and marketplaces. We compile code, profile nodes, analyze blockchains and open source projects, help secure crypto networks, and write software to help portfolio companies understand their ecosystems. Our annual Developer Report is the industry standard for understanding the developer ecosystems across crypto networks. For more information, visit https://www.electriccapital.com/.
To learn more about Solscan, please visit https://solscan.io/.
Twitter: https://twitter.com/solscanofficial
Discord: discord.gg/H8FBqAR8bx
Contact name: Anh Nguyen
Email: [email protected]
Blockchain
Blocks & Headlines: Today in Blockchain – January 30, 2025 (Dogecoin, U.S. Army, DeepSeek, Web3)
Introduction
The blockchain and cryptocurrency industry continues to evolve, with major advancements in institutional adoption, regulatory modernization, and innovative applications. Today’s roundup covers Dogecoin’s new blockchain strategy, the U.S. Army’s use of blockchain for tracking aid, notable blockchain startups, domain challenges for Web3 companies, the first AI blockchain agent, and Luxembourg’s legal updates for custody chains. Let’s break down the biggest headlines shaping the future of blockchain technology and decentralized finance.
Dogecoin Unveils Strategic Blockchain Movement
Expanding Beyond a Meme Coin
Dogecoin, often viewed as a lighthearted cryptocurrency, is making serious strides toward blockchain utility with a new strategic initiative aimed at expanding its use case beyond simple transactions. The Dogecoin Foundation has announced plans to integrate layer-2 solutions, smart contracts, and interoperability features, potentially positioning DOGE as a serious competitor in the decentralized finance (DeFi) space.
This move signals a shift in the perception of Dogecoin, which has long relied on community-driven momentum. With the new strategy, DOGE could become an integral part of the growing Web3 ecosystem.
Source: Crypto Briefing
U.S. Army Utilizes Blockchain for Aid Tracking in Ukraine
Military Adopts Emerging Tech for Transparency
The U.S. Army is leveraging blockchain, big data, and generative AI to track billions of dollars in aid sent to Ukraine. This marks a significant step in blockchain’s adoption by governments and defense agencies to enhance transparency and prevent fraud.
By using blockchain for immutable record-keeping, military officials aim to improve logistics tracking, reduce inefficiencies, and ensure secure auditing of aid distribution. This could set a precedent for future government adoption of blockchain-based verification systems.
Source: Breaking Defense
10 Blockchain Startups to Watch in 2025
Innovation Driving the Next Wave of Web3
A new report highlights ten emerging blockchain startups poised to disrupt industries from finance to supply chain management. These companies are working on scalable smart contracts, decentralized identity solutions, and improved cross-chain interoperability.
Among the standout names are startups focusing on privacy-preserving transactions, institutional DeFi tools, and real-world asset tokenization, reinforcing blockchain’s growing role in mainstream finance and enterprise adoption.
Source: Yahoo Finance
Web3 Companies Struggle with Domain Name Challenges
Decentralization vs. Traditional Domain Ownership
As blockchain companies push forward with Web3 adoption, many are encountering significant hurdles in securing relevant domain names. Unlike traditional domains governed by ICANN, blockchain-native domains such as .crypto and .eth exist outside standard regulatory frameworks, leading to disputes and accessibility issues.
Industry experts are calling for greater collaboration between blockchain projects and domain registrars to ensure seamless Web3 adoption while maintaining online accessibility for users.
Source: Domain Name Wire
Klaus Agent Becomes the First Blockchain AI to Use Custom DeepSeek Model
AI and Blockchain Converge
The Klaus Agent, an AI-powered blockchain agent, has integrated the DeepSeek AI model to enhance decision-making, smart contract automation, and decentralized application (dApp) intelligence. This innovation represents a major step in merging artificial intelligence with blockchain networks, allowing for more sophisticated automation in DeFi, NFT trading, and DAO governance.
As AI and blockchain continue to converge, the potential for autonomous smart contract execution and predictive analytics is expected to grow, leading to more efficient decentralized systems.
Source: GlobeNewswire
Luxembourg Modernizes Custody Chain Laws for Blockchain
A Legal Framework for Tokenized Assets
Luxembourg, a key financial hub in Europe, has updated its custody chain regulations to accommodate blockchain-based assets. These changes are designed to facilitate institutional adoption of tokenized securities and digital asset custody solutions.
By providing a clear regulatory framework, Luxembourg aims to attract fintech firms, investment funds, and digital asset custodians, further strengthening its position as a leader in blockchain finance.
Source: National Law Review
Conclusion
The latest blockchain developments underscore the rapid evolution of the industry, from Dogecoin’s strategic shift to military adoption of blockchain for transparency. As AI and blockchain begin to merge, and governments refine regulations, we are witnessing a pivotal moment in decentralized technology.
With institutional interest growing and regulatory frameworks taking shape, blockchain and Web3 technologies are moving closer to mainstream acceptance. Stay tuned for the next Blocks & Headlines briefing as we continue to track the most significant trends shaping the future of decentralized finance and digital assets.
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Blockchain
Fintech as a Service Business Research Report 2025: Global Market to Reach $1.1 Trillion by 2030 from $387 Billion in 2024 – SMB Adoption of Fintech Services Spurs Market Expansion Opportunities
Fintech as a Service (FaaS) Market
Blockchain
From Apes to Humans: ApeChain Joins Humanity Protocol’s zkProofer Network to Scale Proof of Humanity
The post From Apes to Humans: ApeChain Joins Humanity Protocol’s zkProofer Network to Scale Proof of Humanity appeared first on News, Events, Advertising Options.
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