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
UNICC and ShelterZoom Developed a Secure Document Tracking and E-Signature Solution for the UN System
The United Nations International Computing Center (UNICC) and ShelterZoom are pleased to announce a new innovative blockchain-based solution for controlling and protecting the digital data of UN entities and other international organizations. As the largest strategic partner for digital solutions and cybersecurity within the UN system, UNICC has partnered with ShelterZoom, a leading data and content protection and ownership SaaS company behind innovations such as Document Token® technology and Document GPS®.
Building upon the 50 years of experienced innovation from the UNICC, the two organizations collaborated on a transformational undertaking offering robust protection and promising increased productivity for document tracking and management. ShelterZoom will contribute its proprietary document tokenization technology, along with its data protection, document tracking and e-signature solutions to deliver a white-labeled platform, giving member organizations a greater level of governance over their content. Using ShelterZoom’s flagship proprietary Single Source Of Truth® technology, the solution provides a means for each file to be protected individually without changing user normal habits instead of having to rely solely on protecting files at the database level. This ‘singularity and control’ is a new era in cybersecurity and document management, which has never been seen before at this level of seamless integration with existing tools.
“The synergy between what we deliver and the goals of the United Nations are a perfect match for Single Source Of Truth,” said Chao Cheng-Shorland, CEO and Cofounder of ShelterZoom. “We have said from the beginning that it is time to think about cybersecurity in a completely new way and in doing so we have created a solution to address other operational pain points while simultaneously solving one of the biggest challenges facing the global population today. The UN is at the frontlines of changing the world for the better and its forward-thinking approach to using technology to address fundamental issues is critical in improving livelihoods for all.”
ShelterZoom solutions have already been in use across dozens of industries and with this new commercial partnership, they can now extend their usefulness to the UN family and other international organizations. The revolutionary method for complete document tracking with built-in productivity tools, such as digital signatures and a market-first method for organizing files inside email, is an all-in-one solution built for a global workforce. The Single Source of Truth model has the added benefit of decreasing the carbon footprint created by excessive digital waste, further supporting the sustainability goals of the United Nations.
“The need for robust cybersecurity and data protection has never been greater,” said Sameer Chauhan, Director of UNICC. “By working together with ShelterZoom, we have developed a cutting-edge tool tailored to the needs of the UN family. Our unwavering commitment to providing best-in-class solutions ensures we continue to support the digital transformation and modernization of the UN system and other international organizations.”
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