August 07, 2024
Blockscout, a leading open-source block explorer for EVM-based chains, has announced the successful closure of a $3 million seed funding round led by 1kx. The round saw participation from investors like Primitive Ventures and Gnosis, along with angel investors Evan Van Ness, Alex Svanevik, Kartik Talwar, Anton Bukov, and Stefan George.
Project | Latest Raise | Latest Raise Date | Stage | Lead Investor | Category |
|---|---|---|---|---|---|
Blockscout | $3M | August 7, 2024 | Seed Round | 1kx | EVM |
The funds will be used to enhance their product suite and improve user experience by integrating social elements and AI-enabled tools into the dashboard. Additionally, the funding will facilitate easier deployment of their Explorer-as-a-Service, support new projects seeking EAAS customization, and strengthen their involvement with existing chains, aligning with their mission to provide key customizable data to developers and end-users.
About Blockscout
Blockscout is an open-source blockchain explorer designed for Ethereum Virtual Machine (EVM) chains. It provides a user-friendly interface for viewing, confirming, and inspecting transactions on various EVM blockchains, including Ethereum Mainnet, Ethereum Classic, Optimism, and Gnosis Chain. Blockscout supports multiple Ethereum testnets, private networks, Layer 2 solutions, and sidechains. It aims to offer a transparent and comprehensive tool for developers and users to interact with smart contracts, view account balances, and analyze blockchain data. The platform is a decentralized alternative to centralized block explorers, promoting transparency and accessibility in the blockchain ecosystem.
Website: https://www.blockscout.com/
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About Investor
Investor: 1kx
1kx is an early-stage investment firm that focuses on the growth of ecosystems within the cryptocurrency sector. They specialize in helping founders bootstrap token networks by providing hands-on advisory services for the creation, design, and iteration of token models. With a strong emphasis on community building, 1kx aims to support the best and brightest ideas in the Web3 space, fostering economic sustainability and innovation. The firm is dedicated to exploring the art and science of network building, striving to bring the best possible version of a decentralized future to life.
Location: Amsterdam
Website: https://1kx.network/
A central focus of investor activity in the cryptocurrency space is the evaluation of new crypto projects to invest in, particularly those with huge potential. This blog provides insight into what new ventures are benefiting from venture capital support (VC funding in crypto). These new crypto projects, funded by professional investors, can dictate the next narrative in crypto and the next big crypto movers.
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