Superchain Network, which brands itself as the “Open Index Protocol,” has raised $4 million in a combined seed and pre-seed fundraising round to build a decentralized blockchain data protocol. The fundraising round was led by venture capital firm Blockchain Capital, with participation from Maven 11, KR1, Tokonomy, and Fansara.
Superchain Network is a decentralized indexer that aims to organize on-chain data and allow decentralized application (dapp) developers and users to access the data in seconds. According to Superchain, as the demand for block space continues to grow, applications will need a way to interpret and make use of information.
Superchain’s platform offers a fundamentally different approach compared to the incumbent indexer space, which is attempting to decentralize Web2 APIs. Superchain believes in unconstrained ownership, and no centralized entity should be involved in the relationship between humans and data. With Superchain, there is no need to delegate custody or trust to centralized aggregators for access to decentralized data.
Maxim Legg, co-founder and chief technology officer at Superchain Network, said, “We believe in unconstrained ownership: no centralized entity should be involved in the relationship between humans and data. With Superchain, there is no need to delegate custody or trust to centralized aggregators for access to decentralized data.”
Superchain Network joins other data indexing protocols such as The Graph and Moralis, who both raised eight-figure rounds last year.
James Corbett, co-founder and CEO at Superchain Network, said, “Incumbents in the indexer space are trying to decentralize Web2 APIs. Superchain takes a fundamentally different approach. Our data is open and ownable by our users, unlocking use cases that are not possible with GraphQL.”
The Superchain platform is currently offering early access for market makers, quant traders, data scientists, and dApp developers.
In conclusion, the $4 million fundraising round for Superchain Network shows that there is still significant interest in the development of decentralized blockchain data protocols. With the growing demand for block space, there is a need for platforms that can organize on-chain data and allow decentralized application developers and users to access the data in seconds. Superchain’s platform offers a fundamentally different approach, with a focus on unconstrained ownership and open data, which could unlock use cases that are not possible with GraphQL.
What is Superchain Network?
Superchain Network is a decentralized indexer that aims to organize on-chain data and allow decentralized application (dapp) developers and users to access the data in seconds.
How much did Superchain Network raise in the fundraising round, and who were the investors?
Superchain Network raised $4 million in a combined seed and pre-seed fundraising round, led by venture capital firm Blockchain Capital, with participation from Maven 11, KR1, Tokonomy, and Fansara.
How does Superchain’s platform differ from other data indexing protocols?
Superchain’s platform offers a fundamentally different approach compared to the incumbent indexer space, which is attempting to decentralize Web2 APIs. Superchain believes in unconstrained ownership and open data, and no centralized entity should be involved in the relationship between humans and data.
What are the benefits of Superchain’s approach to data indexing?
Superchain’s approach to data indexing could unlock use cases that are not possible with GraphQL, as the data is open and ownable by users, with no need to delegate custody or trust to centralized aggregators for access to decentralized data.
Who can currently access Superchain’s platform?
The Superchain platform is currently offering early access for market makers, quant traders, data scientists, and dApp developers.