Web3 Data Platform Dune Analytics Propels to Unicorn Status After $69.4 Million Fundraise – Finance Bitcoin News

Web3 Data Platform Dune Analytics Propels to Unicorn Status After $69.4 Million Fundraise – Finance Bitcoin News
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The Web3 analytics platform Dune Analytics has actually revealed it has actually shut a $69.4 million Series B fundraise led by Coatue. The company’s newest fundraise complies with the firm’s Series A last August when Dune Analytics increased $8 million. With the Series A and B integrated, the company has actually been driven to unicorn status with a post-money appraisal of $1 billion.

Dune Analytics Secures $69.4 Million in Series B Financing Round, Plans to Offer Financial Compensation to Contributors

On Wednesday, the decentralized finance (defi), non-fungible token (NFT), and also Web3 analytics platform Dune Analytics exposed the firm has actually increased $69.4 million in a Series B led by Coatue. Dune Analytics even more described that Multicoin Capital and also Dragonfly Capital took part in the Series B fundraise also. Dune Analytics is a community-based analytics platform that permits individuals to accessibility Web3 data and also filter it right into practical graphes, charts, and also relative metrics.

Dune Analytics claims the brand-new funds will certainly aid reinforce framework however likewise aid develop an idea that provides economic rewards. “Dune will leverage the funds to create an infrastructure that distributes financial rewards for user-generated content, attracting and incentivizing engagement from up to one million new web3 analysts, known as Dune Wizards, within the community,” the firm’s news notes. The analytics company’s news includes:

Dune Wizards will certainly not just be able to develop tailored visualizations that connect real-time on-chain knowledge, [but] they will certainly likewise obtain economic settlement for their continuous involvement and also payments.

Venture Capital Flocks to Crypto Analytics Providers — Dune Analytics Co-Founder Says Crypto Ecosystem Data Is Extremely Valuable

Analytics systems have actually done extremely well over the last one year and also a myriad of blockchain and also crypto-related analytics firms have actually increased countless bucks in funding. The NFT data and also analytics platform Cryptoslam increased $9 million throughout the initial week of January. The crypto analytics organization Coin Metric safeguarded $15 million in May 2021 and also the analytics carrier Messari increased $21 million in August 2021.

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Currently, Dune Analytics provides data questions for 5 blockchains consisting of Ethereum, Binance Smart Chain, Xdai, Polygon, and also Optimism. The firm claimed it prepares to “incorporate all Layer-1 and Layer-2 smart contract platforms.” Dune Analytics founder and also CTO, Mats Olsen claimed that the data in the crypto ecological community is “extremely valuable” and also the company wishes to increase the platform’s efficiency this year.

“Ever-increasing amounts of capital flows through the crypto ecosystem, in turn producing extremely valuable data. The Dune community is extracting knowledge from this data at scale. Dune will provide the necessary tools so that users of all skill levels will be able to conduct more thoughtful, impactful analysis and gain deeper insight into the ever-evolving world of Web3,” Olsen mentioned in a declaration sent out to Bitcoin.com News.

Tags in this tale

$69.4 million, obtainable data, Binance Smart Chain, Capital raising, Coatue, Coin Metrics, crypto data, dappradar, data, DEX, Dragonfly, Dune Analytics, Dune Analytics statistics, ETH Monitoring, Ethereum, Finance, Investors, messari, metrics, Multicoin Capital, NFTs, Optimism, Polygon, Series A, Series A funding, Series B, xDAI

What do you consider Dune Analytics elevating $69.4 million from financiers? Let us understand what you consider this topic in the remarks area listed below.

Jamie Redman

Jamie Redman is the News Lead at Bitcoin.com News and also a monetary technology reporter living in Florida. Redman has actually been an energetic participant of the cryptocurrency neighborhood considering that 2011. He wants Bitcoin, open-source code, and also decentralized applications. Since September 2015, Redman has actually created greater than 5,000 write-ups for Bitcoin.com News regarding the turbulent methods arising today.

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