Web 3.0 development infrastructure start-up BlockVision raises $5 million in a seed funding round led by Synergis Capital, and others.
BlockVision Seed Funding
BlockVision raised $5 million in seed financing led by Synergis Capital, Shima Capital, and Qiming Venture Partners. The seed round also secured investment from 6th Man Ventures, Collab+Currency and VIABTC Capital.
The Web 3.0 startup will use the funds to support growth, accelerate product development and expand its market.
This round is reportedly followed by a successful pre-seed round with investors including Continue Capital, NGC Ventures, Sanctor Capital, and Youbi Capital.
What BlockVision does?
BlockVision offers a high-availability indexing network, supporting complex queries and data storage across multiple blockchains such as Ethereum, BNB Chain, Arbitrum, and Optimism.
The crypto firm strives to become a chain-agnostic data portal for all Web 3.0 developers and users. The data infrastructure pioneers in adopting the HTAP (Hybrid Transactional and Analytical Processing) architecture, a high-performance data processing solution widely used in big data companies, on blockchain systems.
BlockVision, Co-founder, said:
“BlockVision is a highly innovative startup that is trying to solve challenges in the blockchain industry by leveraging the power of cloud and open data. We believe that BlockVision will bring more opportunity to developers and provide a better web 3.0 experience for users.”
BlockVision said that it has achieved an unprecedented TPS of 200,000 due to the successful integration of HTAP and its unique 5-layer architecture design. It claims that it can now handle the huge volume of data synchronization, query and analysis required on any chain ecosystem.
BlockVision mentioned that The future of Web 3.0 depends on infrastructure. Aiming to become the “Snowflake of Blockchain”, BlockVision said that it is constantly expanding its footprint in the blockchain development market and innovating new products that better serve the industry.
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