Quick take:
- The company plans to use the fresh capital to build the product suit and improve user experience including integrating social elements and AI-enabled tooling.
- The Blockscout offers an open-source block explorer service providing access to blockchain data from more than 600 networks.
- Chains can either use Blockscout’s open-source software to host their own server or pay them to host an explorer on their behalf.
Blockscout has announced a $3 million seed round led by 1kx. The fundraising also attracted participation from Primitive Ventures and Gnosis with Evan Van Ness, Alex Svanevik, Kartik Talwar, Anton Bukov, and Stefan George joining as angel investors.
The company plans to use the fresh capital to advance its platform features including integrating social elements and AI-enabled tooling directly into the dashboard.
Blockscout offers a blockchain data exploration platform that allows users to search on-chain transactions, wallets, NFTs, ENS, addresses and dApps from more than 600 supported networks.
Chains can either use Blockscout’s open-source software to host their own server or pay them to host an explorer on their behalf.
“Blockscout will be the default setting for all new and existing EVM chains,” Igor Barinov, Founder and CEO of Blockscout said in a press material shared with NFTgators. “We are on the way to becoming the main platform for verifying all information on blockchains and exploring dApps in a safe way. As one of the few open-source players, we offer unmatched transparency and accessibility that serves everyone in the crypto space, from developers to everyday users.”
Some of the fresh funding will also go toward making the deployment of Blockscout’s Explorer-as-a-Service easier, including supporting new projects looking for EAAS customisation and deepening involvement with existing chains.
Commenting on his company’s leading role in the fundraising, Nichanan Kesonpat, Research Analyst at 1kx highlighted the important role that Block explorers play in the Web3 ecosystem, “giving developers, analysts, and end users alike the visibility they need into general on-chain activity and transactions of interest.”
“Blockscout’s open-source EVM explorer and tools enable nascent projects to host their own explorer, providing an alternative to expensive EaaS offerings and offsetting the costs of building an explorer from scratch. This is critical tooling in a modular, multichain world where new networks and app-chains can give their users insights into network activity right away.”
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