SendBlocks Raises $8.2M to Enhance Blockchain Data

 


SendBlocks, a groundbreaking startup specializing in blockchain data management, has revealed today that it is emerging from stealth mode with $8.2 million in seed funding.


SendBlocks simplifies the process of accessing blockchain data. The SendBlocks platform is entirely customizable, enabling blockchain enterprises, ecosystems, protocols, and applications to specify the data that is important to them, and entrust SendBlocks to search through the blockchain to locate their valuable information.


With the rise of high throughput blockchains, numerous new use cases for blockchain-based applications are becoming apparent due to improved usability and lower transaction costs. "Ultimately, our goal is to establish a reality where any developer can access any blockchain data they require, without the need for an entire data team or spending exorbitant amounts of money for each data requirement," states Itay Shrem, Co-founder & CEO.


Among the disclosed existing clients are Bancor and SphereX, who have already seen the benefits of SendBlocks' innovative solution, resulting in streamlined operations and cost savings. As more high throughput blockchains continue to emerge, SendBlocks is positioning itself to be the premier data management platform.


"We firmly believe that entering the web3 space should not demand a large data team and that infrastructure costs should be in line with the application's user base rather than the blockchain's throughput," explains Michael Kellner, Co-founder & CTO. "Simply scaling the blockchain is not enough; the entire stack must be scalable to support the next generation of applications," he emphasizes.


More Information : https://www.techdogs.com/tech-news/business-wire/sendblocks-comes-out-of-stealth-with-82-million-in-seed-funding-to-streamline-blockchain-data-management 

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