Unmarshal Raises $2.6M USD From Industry Heavyweights to Build Multi-Chain Data Indexing Protocol – Press release Bitcoin News

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Press Release

PRESS RELEASE. Unmarshal is proud to announce that the seed funding and private sales rounds have been completed with strong investment support from key industry players. A total of $2.6 million was raised in seed and private rounds. With this new capital, Unmarshal will focus on building an advanced network of data indexers that can serve the entire DeFi ecosystem.

Unmarshal is a DeFi multi-chain data network that provides transparent access to data on the blockchain for all types of decentralized applications. So far, they’ve added support for Ethereum, Binance Smart Chain, Elrond, PolkaDot, and substrate-based projects like StaFi. With Polygon, they dive into Layer 2 networking and give dApp developers easy access to data in the chain.

The investors have great confidence in the team and believe Unmarshal will make a difference in a space that can build a strong and vibrant Web3. Some of the best and most famous investors and like-minded people have contributed to its success.

Venture capitalists who have invested: Woodstock, Blackedge, GBV, NGC Ventures, SPARK Digital, Particle XYZ, AU21, Amesten, X21, Zokyo, Altonomy, Brilliance Ventures, ExNetwork, AscendEx (formerly BitMax.io)

Fi entrepreneurs and accredited individual investors such as Ravindra Kumar and Philip Arthur Moore (Frontier), Sandeep Nailwal (Polygon, formerly Matic Network), Aniketh Jindal (Bikonomia), Danish Chaudhari (Bitcoin.com exchange), Chandresh Aharwar (Unilend Finance), Ran Neuner have championed the idea of creating a massive Web3 revolution.

As the blockchain space evolves with the addition of new circuits and improved use cases to solve problems with existing circuits, the DeFi ecosystem is constantly looking for an infrastructure layer that can help obtain reliable and contextualized data from multi-chain networks. Unmarshal is there to fill in the gaps. It acts as a bridge between the blockchain and application developers to index in-chain data in Artibarty formats that can be easily and effortlessly integrated.

TheFi and NFT space is evolving at an unprecedented rate, data is exploding and becoming more complex. At Unmarshal, we aim to simplify complexity to offer customizable, rich and decoded information in many formats, including APIs, notifications, insights and analytics.

Manohar Kolagondanahalli, Managing Director of Unmarshal

The Unmarshal team would like to thank the community and investors for their incredible support during our Web3 journey. We remain a reliable partner and a strong value creator for our investors. We will always be grateful to you for the great trust you have placed in us.

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