Blockchain analysis company Messari completed $4 million in financing, Coinbase, distributed capital, etc.

In November 14th, Babbitt news, blockchain analysis company Messari announced that it has completed the $4 million financing led by Uncork Capital. Other investors include Anthemis Group, Blockchain Capital, CoinFund, Danhua Capital, Fabric Ventures, Distribution. Top investors in the industry, including Semantic Ventures, Underscore VC, Coinbase Ventures and Balaji Srinivasan.

Pexels-photo-572056

(Image courtesy of pexels.com)

It is reported that Messari intends to invest the funds raised into the automation process of its data reception, while expanding the analytical products provided to cryptocurrency professionals.

Messari co-founder and CEO Ryan Selkis said in a statement "One of the toughest problems in the industry today is self-regulation of emerging asset classes and the provision of accurate and timely data to investors with different compliance requirements."

Uncork Capital, the founder of this round of financing, whose founder Jeff Clavier will join the board of Messari, said:

“The Ryan and Messari teams are building the infrastructure that is currently lacking in the encryption ecosystem. If cryptocurrency is to become a mainstream asset class, it needs to be transparent and high-quality data. The Messari team is the pioneer of the industry, it is unstable in one place. And a strong shovel business has been established in the unpredictable market."

Messari also announced that in addition to summarizing the disclosure and quantitative data of hundreds of tokens, the company has introduced a variety of compliance tools for the global fund, exchange and brokerage markets that invest in cryptocurrencies.

We will continue to update Blocking; if you have any questions or suggestions, please contact us!

Share:

Was this article helpful?

93 out of 132 found this helpful

Discover more

Market

BlackRock’s Bitcoin ETF: Banks Welcomed with Open Arms

BlackRock's updated Bitcoin ETF proposal now allows banks to participate through broker-dealers, providing wider mark...

Market

Shiba Memu: A Presale Worth Barking About

Jump on the bandwagon Shiba Memu's presale ends soon and everyone is buzzing about investing in gold.

Bitcoin

Bitcoin: Stable, Resilient, and Bulls are Taking Solace in the Upcoming Halving

Bitcoin halving events have historically triggered bull markets, shaping investor expectations for the upcoming halving.

Finance

The SEC vs. Binance Showdown: Comedy of Errors

The Philippine Securities and Exchange Commission intensifies regulatory actions against Binance, the global leader i...

Blockchain

XRP Price Predictions: Will It Surpass Its All-Time High?

Experts are optimistic about the potential rise in value for XRP, with numerous analysts forecasting that it could su...

Blockchain

FTX’s Redemption Plan: A Second Chance for Crypto Dreamers

FTX announces revised plan to reimburse creditors affected by bankruptcy with significant payouts.