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Solscan Secures $4 Million In Seed Round Co-Led by Multicoin Capital and Electric Capital

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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]

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/108206

Newsfile is a customer-focused newswire team that delivers press releases and corporate announcements to the global financial community. Approved by all stock exchanges, Newsfile offers broad access to media, analysts, investors and market participants. With agile services, proactive customer care and affordable pricing; Newsfile makes it easy for companies to tell their story to the audiences they need to reach.

Blockchain

Revolutionizing Fintech: 6G Digital & Rune Nilsson’s FlexM Global in a Bold $12.5M Deal Shaking the Banking Industry

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Teletubbies Digital Companions to Launch on the Tezos Blockchain

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MetaPals, an AI digital companion platform, is partnering with WildBrain’s beloved Teletubbies to bring together cherished childhood memories and the innovative digital era with the launch of the Teletubbies AI digital companions on 20 April, 2024.
As Teletubbies commemorates its 27th anniversary on 31 March, the collaboration marks the beginning of an exciting array of renowned IPs joining the ‘MetaPals Multiverse’ in 2024. Through the use of AI and blockchain technology powered by Tezos, much loved Tinky Winky, Dipsy, Laa-Laa, Po, and even Noo-Noo have become personalized, evolving digital companions within the MetaPals browser extension game engine.

The Teletubbies characters integrate with users’ daily browsing experience that accompanies users across the web, offering both playful interactions and practical assistance. This technology not only brings these fun characters to life in new, interactive ways, but also helps to enhance the mental well-being of users by fostering a sense of companionship.

Each Teletubbies companion within the MetaPals Multiverse will exhibit unique personality traits, offering users a diverse and dynamic experience. With personalities distributed across 5000+ Teletubby companions along a spectrum, users are guaranteed a one-of-a-kind experience, ensuring enjoyment for all and opportunities to foster new connections with this nostalgic brand.

Max Giammario, CEO of MetaPals, said: “Through this collaboration we’re not just revisiting Teletubbyland, we’re reinventing it for the digital age. By weaving in AI and blockchain, we enable the Teletubbies characters to evolve, interact, and form unique bonds with users, embodying our vision of dynamic digital companionship. With a bit of ‘MetaPals magic’, the Teletubbies are exploring beyond the hills and far away, ready to play, in ways we’ve never imagined.”

Melissa Goodrich, Director, Franchise Strategy at WildBrain, said: “We’re excited to see our colorful quartet come to life in new ways through this unique digital experience for fans. As we celebrate 27 years of the perennially popular Teletubbies franchise, this latest collaboration encapsulates the essence of childhood nostalgia while embracing the limitless possibilities of the digital age.”
Jason Lim, TZ Apac Games Adoption Team for the Tezos Ecosystem, said: “MetaPals will be pioneering the convergence of iconic IPs such as Teletubbies with the limitless possibilities of the Tezos blockchain. I can’t wait to see the magic they are brewing up next.”

The post Teletubbies Digital Companions to Launch on the Tezos Blockchain appeared first on HIPTHER Alerts.

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Alarum Announces Exciting Events Lineup and Welcomes Esteemed Advisor to NetNut’s Advisory Board

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