Funding Overview and New Investors

On November 13, Messari took a big step forward by announcing a successful funding round of $4 million, spearheaded by Uncork Capital. This round saw participation from notable investors including Coinbase Ventures, Anthemis Group, Blockchain Capital, CoinFund, and former Coinbase CTO Balaji Srinivasan. Quite the lineup, right? It’s like the Avengers of the blockchain world coming together!

Investing in Infrastructure

So, what’s the game plan with this newfound capital? Messari intends to fully automate its data ingestion process and enhance its redistribution capabilities specifically tailored for registry clients. In layman’s terms, they’re making it easier for users to access and utilize crypto data seamlessly. Not only that, but they are planning to expand their analytical product offerings for crypto professionals, which is akin to giving a Swiss Army knife to a camp-loving crypto expert.

The Vision of Uncork Capital

Jeff Clavier, the founder of Uncork Capital, will be joining Messari’s board of directors. His enthusiasm about the partnership is quite contagious. He stated, “Ryan and the team at Messari are building critically needed infrastructure that is currently lacking in the crypto ecosystem.” It sounds like he’s got faith in Messari to step up and fill the gaps of a system that desperately craves reliable data to make informed decisions. And let’s be real, in a market as unpredictable as a cat on catnip, who wouldn’t want some solid data to cling to?

Combatting Fake Volume Reports

In March, Messari made headlines by launching the Real 10 Volumes index on its OnChainFX dashboard. This innovative product aims to filter volume calculations according to only the chosen exchanges. The Real 10 trading platforms—think Binance, Bitfinex, Kraken, and others—are the summarized ‘honest’ list in a sea sometimes fraught with deception. This move came in response to a shocking report from Bitwise Asset Management, indicating that a staggering 95% of volume on unregulated exchanges could be nothing but smoke and mirrors. Whoa!

Conclusion: Pioneering the Future of Crypto Analytics

With this funding, Messari is not just waiting to adapt. They’re proactively building the essential scaffolding for quality and transparent cryptocurrency data. Jeff Clavier put it succinctly: if this digital currency landscape is to become mainstream, it needs quality data at its core. So be prepared, crypto enthusiasts and investors; Messari is set to redefine the way you filter the noise from the signal in the bustling world of blockchain!