2 years ago
The blockchain analytics institution has seen its valuation turn arsenic much crypto users trust connected its services for informed decision-making.
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Dune Analytics, a starring information analytics platform, has announced a superior rise of $69,420,000, successful summation to a $1 billion-dollar valuation, the second of which means that the institution attained "unicorn" status, which describes privately-held startups that person attained a valuation of $1 cardinal oregon more.
The Series B rise was led by New-York based backstage equity steadfast Coatue, with further information from erstwhile investors Multicoin Capital and Dragonfly Capital, among others.
The rise succeeds the company’s effect backing circular of $2 cardinal successful September 2020 — of which Dragonfly Capital Partners was the pb capitalist — and its follow-up Series A rise of $8 cardinal successful August 2021 led by Union Square Ventures.
According to the announcement, the superior volition beryllium utilized to “educate, reward, and foster a caller procreation of analysts, who volition beryllium empowered with real-time, actionable insights into web3 data.”
Dune Analytics is highly-regarded passim the abstraction for providing real-time, on-chain quantitative metrics, graphics and charts connected the crypto, blockchain, decentralized concern (DeFi), and much recently, nonfungible token (NFT) markets. As of now, the level publishes blockchain information from Ethereum, Polygon, Optimism, Binance Smart Chain and xDAI.
Blockchains make an *ocean* of data
As much and much worth moves to crypto...
Extracting penetration from it presents historical opportunities galore times greater than siloed, paywalled information platforms of the TradFi past
The gyration volition not beryllium reported quarterly
Related: Decentralized speech aggregator trading volumes surge to caller highs
In a caller inaugural to beforehand Web3, Dune is seeking to grow its existing assemblage of 10,000 contributing analysts up to a fig of 1 cardinal done the operation of a community-centric architecture that incentives publication connected the platform.
Referred to arsenic Dune Wizards, this assemblage of analysts volition beryllium liable for creating compelling contented successful the pursuit of decentralizing knowledge, and successful turn, empowering investors to marque insightful, data-backed decisions. This marks an improvement of the walled-garden accepted fiscal marketplace exemplary successful which Wall Street investors were granted informational advantages implicit their retail counterparts.
Dune co-founder and CTO Mats Olsen pledged the company's intentions to physique a community-centric exemplary successful the Web3 landscape:
“Dune volition supply the indispensable tools truthful that users of each accomplishment levels volition beryllium capable to behaviour much thoughtful, impactful investigation and summation deeper penetration into the ever-evolving satellite of web3."
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