Dune Analytics Raises Crypto’s Latest Meme Round: $69,420,000

2 years ago

One of Ethereum’s astir fashionable information visualization and analytics level is gearing up for enlargement with a monolithic fundraising round.

The circular was led by Coatue, a task behemoth that, until recently, hasn’t been progressive successful the cryptocurrency space. However, according to Dune CEO Fredrik Haga, the concern steadfast – which has large bets connected OpenSea, Alchemy and Dapper Labs – was assertive successful courting the platform.

“We had not made a azygous descent oregon Excel expanse – they simply came to us, had utmost condemnation successful what we were doing, and had done a batch of outside-in research, and gave america an connection we couldn’t refuse,” helium said.

The Dune squad is present plotting enlargement with the extremity of becoming “the lone spot you request to spell for information successful the space” – a perchance lucrative niche, fixed the inherent data-richness of blockchain technology.

“What we person present is simply a nationalist backend wherever anyone successful the satellite tin deploy applications, and that creates data. And past with Dune, anyone successful the satellite tin analyse that data. That’s wherefore the accidental is big, and that’s wherefore we’ve gone down the unfastened route.”

On the contiguous roadmap is plans to grow to different blockchains, adding further tooling specified arsenic API access, and the motorboat of a caller information level that volition let users to comparison datasets crossed chains.

Haga envisions the institution processing overmuch successful the mold of Github, a fashionable freemium bundle improvement platform.

“You instrumentality unfastened entree arsenic the halfway and escaped product, and past you adhd connected premium services for closed organizations connected apical of that,” helium said.

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Andrew Thurman is simply a tech newsman astatine CoinDesk with a absorption connected DeFi.


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