Dune Analytics, a number one information analytics platform, has introduced a capital elevate of $69,420,000, along with a $1 billion-dollar valuation, the latter of which signifies that the corporate attained “unicorn” standing, which describes privately-held startups which have attained a valuation of $1 billion or extra.
The Sequence B elevate was led by New-York primarily based non-public fairness agency Coatue, with further participation from earlier buyers Multicoin Capital and Dragonfly Capital, amongst others.
The elevate follows the corporate’s seed funding spherical of $2 million in September 2020 — of which Dragonfly Capital Companions was the lead investor — and its follow-up Sequence A elevate of $8 million in August 2021 led byUnion Sq. Ventures.
In keeping with the announcement, the capital might be utilized to “educate, reward and foster a brand new era of analysts, who might be empowered with real-time, actionable insights into Web3 information.”
Dune Analytics is highly-regarded all through the house for offering real-time, on-chain quantitative metrics, graphics and charts on the crypto, blockchain, decentralized finance (DeFi) and extra lately, nonfungible token (NFT) markets. As of now, the platform publishes blockchain information from Ethereum, Polygon, Optimism, Binance Sensible Chain and xDAI.
Blockchains generate an *ocean* of knowledge
As increasingly worth strikes to crypto…
Extracting perception from it presents historic alternatives many instances larger than siloed, paywalled information platforms of the TradFi previous
The revolution won’t be reported quarterly
— Dune Analytics (@DuneAnalytics) February 2, 2022
Decentralized change aggregator buying and selling volumes surge to new highs
In a brand new initiative to advertise Web3, Dune is searching for to develop its current group of 10,000 contributing analysts as much as a determine of 1 million via the development of a community-centric structure that incentivizes contribution on the platform.
Known as Dune Wizards, this group of analysts might be accountable for creating compelling content material within the pursuit of decentralizing data, and in flip, empowering buyers to make insightful, data-backed selections. This marks an evolution of the walled-garden conventional monetary market mannequin by which Wall Avenue buyers have been granted informational benefits over their retail counterparts.
Dune co-founder and chief coaching officer Mats Olsen pledged to construct a community-centric mannequin within the Web3 panorama:
“Dune will present the mandatory instruments in order that customers of all talent ranges will be capable to conduct extra considerate, impactful evaluation and acquire deeper perception into the ever-evolving world of Web3.”
