Blockchain Startup Cymbal Closes $18.5 Million Funding Round with Coinbase Ventures Involved

Blockchain Startup Cymbal Closes $18.5 Million Funding Round with Coinbase Ventures Involved
Source: Unsplash

Cymbal, a California-based blockchain technology startup, closed an $18.5 million funding round with participation from Coinbase Ventures, First Round Capital, Solana Ventures, CAA Connect, and Patron, among others. The company intends to use the funding to expand operations and its development efforts.

Cymbal is building a human readable blockchain explorer that allows users to view the Ethereum blockchain and search for all the billions of events and activities stored on-chain (including holdings, transactions, social media accounts, etc.), working to make it understandable by anyone.

Currently, the company supports analyzing and processing Ethereum blockchain data, which will soon be expanded to Solana. Cymbal AI can tell users the ranking of their wallet portfolios, the number of NFT purchases, sales of specific collections, and more.

 

TokenInsight is dedicated to covering the most important and cutting-edge trends in the world of crypto. If you have information to share with us, please feel free to contact our email news@tokeninsight.com. Your trust will be well respected.

Source

Fund Raising

Coinbase Ventures

Solana

Ethereum

Related News
Ethereum edges closer to deploying Pectra on mainnet with successful upgrade on Hoodi testnet Ethereum edges closer to deploying Pectra on mainnet with successful upgrade on Hoodi testnet
Ethereum developers to end support for Holesky testnet in September Ethereum developers to end support for Holesky testnet in September
Solana's key SIMD-228 proposal fails to pass validator vote, token emissions unchanged Solana's key SIMD-228 proposal fails to pass validator vote, token emissions unchanged
Transaction fees generated on Solana network fall to lowest weekly amount since September Transaction fees generated on Solana network fall to lowest weekly amount since September
Ethereum devs activate Pectra upgrade on Sepolia testnet in last phase before mainnet rollout Ethereum devs activate Pectra upgrade on Sepolia testnet in last phase before mainnet rollout
Latest News More More
12 Hours Ago 0xbow unveils ‘Privacy Pools,’ a new blockchain privacy tool drawing from Vitalik Buterin’s research
5 Days Ago MEXC Extends DEX+ Platform to Binance Smart Chain Users
March 25 Binance suspends employee for allegedly profiting off of insider information
March 25 BlackRock launches bitcoin ETP in Europe following US success
March 21 Pump.fun launches DEX called PumpSwap to instantly migrate graduated token
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open