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8.70%Superchain Network Raises $4M to Build Decentralized Data Indexing Protocol
The $4 million combined seed and pre-seed round included participation from Blockchain Capital, Maven 11 and other investors.
Superchain Network has raised $4 million in a combined seed and pre-seed fundraising round to build a decentralized blockchain data protocol.
Venture capital firm Blockchain Capital led the seed round, and participants in the pre-seed round included Maven 11, KR1, Tokonomy and Fansara.
STORY CONTINUES BELOW
Superchain Network, which also brands itself as the “Open Index Protocol," is a decentralized indexer. The platform organizes on-chain data and allows decentralized application (dapp) developers and users to access the data in seconds.
According to Superchain, applications will need a way to interpret and make use of information as demand for block space continues to grow.
“We believe in unconstrained ownership: no centralized entity should be involved in the relationship between humans and data,” said Maxim Legg, co-founder and chief technology officer at Superchain Network. “With Superchain there is no need to delegate custody or trust to centralized aggregators for access to decentralized data.”
Superchain joins other data indexing protocols such as The Graph and Moralis, who both raised eight-figure rounds last year.
“Incumbents in the indexer space are trying to decentralize Web2 APIs,” said James Corbett, co-founder and CEO at Superchain Network. “Superchain takes a fundamentally different approach. Our data is open and ownable by our users, unlocking use cases that are not possible with GraphQL.”
Superchain is currently offering early access for market makers, quant traders, data scientists and dApp developers.
Tracy Wang
Tracy Wang was the deputy managing editor of CoinDesk's finance and deals team, based in New York City. She has reported on a wide range of topics in crypto, including decentralized finance, venture capital, exchanges and market-makers, DAOs and NFTs. Previously, she worked in traditional finance ("tradfi") as a hedge funds analyst at an asset management firm. She owns BTC, ETH, MINA, ENS, and some NFTs. Tracy won the 2022 George Polk award in Financial Reporting for coverage that led to the collapse of cryptocurrency exchange FTX. She holds a B.A. in Economics from Yale College.
