Bubblemaps Raises $3.2M in Seed Funding Round
Bubblemaps, a blockchain data innovation platform, has successfully raised $3.2 million in a seed funding round. The investment effort was led by INCE Capital, with contributions from Cronos Chain, Avalanche, V3ntures, Momentum 6, Lbank, Stake Capital, and others.
Visualizing Blockchain Data with Bubblemaps
Bubblemaps offers users vibrant bubble visualizations that are connected to onchain data for blockchains, decentralized finance (defi), and non-fungible tokens (NFTs). It is hailed as the “first supply auditing tool for defi tokens and NFTs.” Bubblemaps has formed partnerships with various blockchain projects such as Polygon, Fantom, Cronos, BNB, Arbitrum, and Avalanche.
Growing Investments in Blockchain Analytics Companies
Over the past couple of years, there has been a significant increase in investments for companies specializing in blockchain and crypto-related analytics. In August 2021, Messari secured $21 million in funding. Just a few months earlier in May, Coin Metrics obtained $15 million. Dune Analytics raised an impressive $69.4 million in February 2022, while Cryptoslam secured $9 million the month before.
Hot Take: Bubblemaps Revolutionizes Blockchain Data Access
Bubblemaps’ successful seed funding round signifies the growing interest and investment in blockchain data analytics. With its innovative visualization tools and partnerships with prominent blockchain projects, Bubblemaps is poised to revolutionize how users access and analyze blockchain data. The increasing investments in companies like Bubblemaps reflect the recognition of the importance of reliable data insights in the rapidly evolving crypto industry.