Today we are thrilled to announce that Blockpour has closed its seed round funding.
The round included participation from several key investors and industry verticals, including listed gaming company WeMade, GS Futures — an early-stage corporate venture arm of the Korean conglomerate GS Group, crypto VC Kestrel 0x1, Layer 1 Algorand Foundation, next-generation cross-chain oracle solution provider Supra Oracles, in addition to a collection of other supported funds, companies and individuals. The round raised approximately $3.3 million in total funding.
“The support we received from investors has been incredible and we are looking forward to expanding our products and becoming one of the leading decentralized data providers in the industry.” — Brayden Abick, CTO & Founder, Blockpour
Blockpour launched in beta on April 1st, 2022. The funding obtained through the round will be used to accelerate hiring to bolster growth and development of the platform. The team plans to achieve this by adding new and advanced features and scaling up our data capabilities. Blockpour currently has four chains integrated — Ethereum, Polygon, Fantom and Avalanche, and will look to quickly integrate additional networks — both EVM & non-EVM. Our mission now is to bring Blockpour to the forefront of the DeFi data world and help build the future of data and finance.
“Blockpour is ready to power the next wave of enterprise DeFi adoption with its unique combination of comprehensive multi-chain data, lightning-fast speed, and a sleek UI/UX.” — Nabil Manji, Head of Crypto & Web3 at Worldpay from FIS
By maintaining robust security and high availability even amidst unexpected events, such as exchange downtime, flash crashes, and data manipulation attacks via flash loans, traders are better able to use Blockpour’s platform to take advantage of volatile market conditions.
A brief profile of Blockpour’s seed round investors
WeMade — WeMade is a Korea-based pioneer in game development. Their focus is ever-shifting towards metaverse and blockchain (NFT, DeFi) technology emphasising personalising gaming experience. They strive to transform everyday games with blockchain technology and establish their WEMIX token as a key currency in the gaming industry.
“With WEMIX, a proven utility coin and $WEMIX, a 100% fully collateralized stablecoin as its basis, we will launch our own mainnet WEMIX3.0 with DAO-based NFT platform NILE and various DeFi protocols. With the open platform WEMIX3.0, we intend to roll out an omnidirectional partnership ecosystem throughout the world. We believe this investment in Blockpour, the innovative DeFi platform, will create a meaningful synergistic impact on both parties’ blockchain business.” — Henry Chang, CEO WeMade
GS Futures — The corporate venture fund from the GS Group holding company that looks for promising and innovative projects worldwide to provide comprehensive support for their development.
Algorand Foundation — The Algorand Foundation is dedicated to developing and bringing innovations to the blockchain and cryptocurrencies space in terms of technology and applications, enriching Algorand’s capabilities and ecosystem.
“Blockpour is an innovative DeFi platform that brings real-time decentralised data across multiple networks for users to view, compare and track token data. We’re excited to be part of the Blockpour seed round investment and support them on their journey to expand their integrations and product offerings. Blockpour will initially offer a better DeFi user experience through advanced multi-chain data analytics, which will be extended in the future to cover other growing verticals including NFTs, social and GameFi”. — Daniel Oon, Head of DeFi, Algorand Foundation
Supra Oracles — a next-generation cross-chain oracle solution helping smart contracts and blockchain apps work better. Supra Oracles plans to be the go-to solution as more businesses and projects start to embrace decentralisation and the need for fast, secure and reliable off-chain data through oracles.
With the closure of the seed round, Blockpour stands well-equipped to expand its product offerings to include more advanced data sets, cross-chain order routing for best price execution, in addition to exciting industry verticals such as GameFi and NFTs. Blockpour will look to launch its subscription-based API business later this year to give enterprise clients the fastest access to decentralised exchange (DEX) trading data and automated-market-maker (AMM) liquidity movements across all supported chains.
Blockpour is a technology firm specializing in Web3 data and analytics, offering individuals and businesses indispensable data and tools to navigate the dynamic on-chain universe while bridging seamlessly to the off-chain world.
Through our real-time and historical multi-chain data feeds, businesses and traders can fully unlock the power of blockchain data to inform their strategies, optimize operational efficiency, and drive top-line growth.
The above article is for informational purposes only and is not financial advice. Blockpour is a data aggregation and analytics platform only that does not, and will never, provide financial advice or services of any kind.