Cointime

Download App
iOS & Android

Why A&T Capital invested in Footprint Analytics?

Cointime Official

Footprint Analytics, a one-stop on-chain data analytics platform headquartered in Singapore, has completed a $2.65 million Seed+ round, led by Matrix Partners, co-invested by A&T Capital, Redpoint, Hash Global, Waterdrip Capital, Lancer Capital and Dual Epoch Capital.

Footprint Analytics announced a $1.5 million seed round in late January. This Seed+ round brings its total seed funding to $4.15 million.

Footprint Analytics is a one-stop on-chain data analysis platform and a code-free data analysis platform in Crypto. Footprint Analytics can be used to explore data with a simple drag and drop. Compared with Dune Analytics, Footprint Analytics can lower the threshold of data analysis and provide more user-friendly data services. Users can generate various BI maps as UGC for public reference through free tools on the platform. In addition, users can obtain more powerful BI functions through paid tools and can realize the privatization of BI graphs. There are four main groups of potential paying users: analysts, project parties, institutional investors, media, and research institutions.

With its powerful, easy-to-use graphing platform, Footprint Analytics makes cross-chain analytics accessible to everyone, no matter which chain they want to explore. At present, most data analysis platforms on the market only provide single-chain data analysis. In terms of analysis scenarios, taking GameFi as an example, Footprint supports multi-chain overview, cross-chain comparison, single-chain-to-single-project crossover, and drill-down analysis. It applies whether it is industry research or in-depth analysis of individual projects. Footprint Analytics covers 17 chains and the number of transactions covered has grown from 1 billion to 95 billion in just 4 months. It applies whether it is industry research or in-depth analysis of individual projects. Footprint Analytics covers 17 chains and the number of transactions covered has grown from 1 billion to 95 billion in just 4 months. Footprint Analytics now covers 100,000 tokens, 500 DeFi protocols and 1000+ GameFi projects.

In addition, some cross-chain data requires specialized programming skills to capture, while Footprint Analytics helps users avoid programming steps and convert on-chain data into dashboards by dragging and dropping. For developers, Footprint Analytics supports Python and SQL and makes it easy to build custom data dashboards.

The blockchain data analysis platform is a track with great potential. There isn’t enough competition on the track right now, and Footprint has achieved a clear differentiation in its product.

According to Statista, the big data and data analytics track will reach $216B in 2021. With the development of the blockchain industry and the take-off of dapps, blockchain data analysis accounts for an increasing proportion of this track.

The main and direct competitor currently is Dune Analytics. Differentiation: Due to the late mover advantage of technology, Footprint Analytics has differentiation and better user experience in the following aspects:

1. The use threshold is low, and no programming ability is required.

2. The data update speed is faster.

3. Access to more chains, and access to new chains is faster.

4. Cross-chain data and off-chain data can be integrated.

5. Categorize business data and give business meaning. The advantages are: Simple, fast and straightforward for users to use. Unlike Dune, you need to write code from scratch to perform calculations from the underlying complex data table, without the dirty work of cleaning transaction data all the time). Therefore, it also runs faster.

6. Users can contribute indicators and data sheets that can be directly reused for the convenience of the community.

In just 9 months, the team has achieved:

1. Launch the product website.

2. The product has access to 17 chains, surpassing Dune Analytics. Including Abitrum and Avalanche, which are not currently supported by Dune.

3. The number of analysts has reached 5000+, the community has contributed a lot of analysis, and the created dashboards and charts have accumulated 24216. The unique IP access exceeds 10k, reaching 1/10 of Dune.

4. The number of new graphs uploaded to the platform every day exceeds Dune Analytics.

5. BI tools are a field that tests execution, because the data itself is transparent and cannot form barriers. If you want to do well on this track, you must be able to do “dirty work” firmly and efficiently.

Blockchain data analysis tools are a track with huge potential.

According to Statista (below), the big data and data analytics track will reach $216B in 2021. With the development of the blockchain industry and the take-off of dapps, blockchain data analysis will account for an increasing proportion of this track.

Direct competitor Dune Analytics closed a $70M funding round in February 2022 at a valuation over $1B. Nansen, which is also in the data track but not in direct competition, also completed a $75M financing in December 2021 at a valuation of $750M.

UGC/New Chart: Users can use free code-free drag-and-drop tools to implement various BI functions, and publish BI charts on the platform for reference.

SQL Query: Users can implement more and more complex BI functions by using paid professional BI tools, and can choose not to disclose the graph.

About A&T Capital:

A&T Capital is an early-to-growth stage venture fund for emerging disruptive technologies. Led by three founding partners based out of Berlin, Singapore and Shanghai, we are supported by a global dynamic team of researchers and analysts. Our varied backgrounds in high tech, TradFi and venture capital help us understand what is essential for a startup to succeed. In 2021, we raised 100M pool of funds. Our portfolios include Amber Group, Cobo, Gnosis Safe, Nestcoin, Infstones, Consensys, and Commonwealth.

Comments

All Comments

Recommended for you

  • Crypto payment platform Meso completes $9.5 million in financing

    The cryptocurrency payment platform Meso has completed a $9.5 million seed round of financing, co-led by Solana Ventures and Ribbit Capital, with participation from Canonical Crypto, 6th Man Ventures, and angel investors including Phantom co-founder Chris Kalani, Pinterest CEO Bill Ready, and Archie Puri of Bodhi Labs.

  • Chain gaming studio Crystal Fun completes US$5 million in seed round financing

    Decentralized blockchain gaming ecosystem and studio Crystal Fun announced the completion of a $5 million seed round of financing. This round of investment was participated by well-known institutions such as Kucoin Ventures, Actoz Soft, Waterdrip Capital, Comma3 Ventures, Stratified Capital, Cypher9 Ventures, Aelf Ventures, W Labs, and Masverse. The funds raised this time will mainly be used for the development and operation of its games. Currently, Crystal Fun has announced the launch of four games: "OUTER", "Endless War", "StarFall", and "Survivor". In addition, Crystal Fun also announced that it will start the second internal testing of the game "OUTER" today, mainly to test the balance values and pressure load in the game to ensure that players can enjoy the best gaming experience.

  • Dalian Securities Regulatory Bureau and other seven departments: Prevent illegal fund-raising in the name of "virtual currency", "Yuanverse", "wealth sharing", etc.

    The Dalian Securities Regulatory Bureau and seven other departments issued a risk warning about preventing illegal fundraising activities under the guise of "virtual currency", "metaverse", "wealth sharing", and other names. Recently, some lawless individuals have used the names of "virtual currency" and "metaverse" to lure investors to download illegal apps and purchase their self-created illegal virtual currency through online WeChat groups and offline national tour meetings, claiming to offer "wealth sharing" opportunities. These activities are suspected of illegal fundraising and fraud, seriously infringing on the property safety of the people and disrupting the order of economic and financial activities.

  • UK ministers expected to introduce legislation on stablecoins and cryptocurrency staking services within six months

    According to Bloomberg, Bim Afolami, the UK Treasury's economic secretary, has stated that the British government is "pushing hard" to legislate on stablecoins and cryptocurrency custodial services within the next six months. In October 2023, the Bank of England and the Financial Conduct Authority (FCA) announced a wide-ranging plan to coordinate regulation of the cryptocurrency industry.Additionally, according to CoinDesk, the stablecoin rule roadmap indicates that final rules will be discussed by mid-2024 and stablecoin systems will be implemented before 2025.

  • FTX network addresses still hold more than $3 billion worth of token assets

    As of February 20th, FTX currently holds token assets worth $3.158 billion in Bitcoin, Ethereum, and Solana networks, including:

  • Xu Zhengyu: The government believes that it is necessary to bring OTC into supervision

    Hong Kong Financial Secretary and Treasury Bureau Director, Paul Chan Mo-po, stated that the government believes there is a need to regulate over-the-counter (OTC) virtual currency trading platforms and will consult on the proposed regulatory framework in the short term, hoping that citizens and stakeholders will actively express their opinions. We are not sure how short this short term is, but what is certain is that OTC virtual currency trading in Hong Kong will usher in a compliant era. As an old international financial center, Hong Kong has always been relatively open and inclusive in its attitude towards virtual currencies. Hong Kong does not regard virtual currencies as legal tender or financial instruments, but defines them as "virtual assets" and takes corresponding regulatory measures based on the activities and risk levels involved.

  • Storage sector tokens generally rose, AR rose by more than 21% in 24 hours

    According to market data on February 20th, there was a general increase in storage tokens, including:

  • The total market value of stablecoins exceeds 140 billion US dollars

    Stablecoin total market capitalization has reached $140,001,543,646. Among them, the issuance of USDT reached $97.8 billion and the issuance of USDC reached $28 billion.

  • Open interest in Ethereum contracts across the network exceeds $10.5 billion

    According to Coinglass data on February 20th, the total open interest of Ethereum futures contracts on the entire network has risen to 3.5693 million ETH (approximately 10.584 billion US dollars), with a 24-hour increase of 3.75%. Among them:

  • Unbundling staking: Towards rainbow staking

    Why rainbow?We intend to convey that the architecture below is appropriate to offer services provided by a wide spectrum of participants, such as professional operators, solo home stakers, or passive capital providers.Additionally, the spectrum 11 may remind the reader of eigenvalues, while we intend for this proposal to partially enshrine a structure similar to re-staking.