FRST
Provides unique datasets and professional-grade tools to digital asset traders.
| Date | Investors | Amount | Round |
|---|---|---|---|
$3.4m | Seed | ||
| Total Funding | 000k | ||
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FRST, operating under frst.io, positioned itself as a blockchain analytics and intelligence firm targeting sophisticated participants in the digital asset market. The company was founded in 2017 by Jonas Frost and Patrick Gorrell, who brought a background in studying social networks, and later appointed Karl Muth as CEO. The founders identified a market need for tools to analyze the immense volume of data on the blockchain to create actionable trading intelligence.
The firm developed an enterprise-grade platform designed for data scientists, quantitative traders, investors, and developers. Its core function was to collect and interpret on-chain data in real-time, allowing clients to perceive, categorize, and act upon transactions involving digital assets. The service provided insights into the movement of cryptocurrencies, such as tracking the activity of large holders (often called 'whales'), monitoring how exchanges react to one another, and observing the transactions of ICO treasuries.
The platform's technology centered on a graph database that mapped the relationships between wallets, nodes, and other blockchain entities. This enabled users to distinguish between legitimate arms-length transactions and internal transfers within a cluster of related wallets, providing a clearer picture of actual trading volumes. Clients could use the datasets to test trading strategies, estimate returns, and set alerts for specific on-chain events. The business model appeared to be subscription-based, serving clients like high-frequency trading funds. The company had also planned to issue a utility token, NDXX, to grant specific levels of access and speed on the platform. FRST secured $3.4 million in a seed funding round in October 2018. However, according to PitchBook data, the company is now listed as out of business as of April 2021.
Keywords: blockchain analytics, crypto intelligence, on-chain data, digital asset analysis, cryptocurrency trading tools, crypto market insights, blockchain data platform, wallet tracking, transaction monitoring, crypto data science, algorithmic trading crypto, fintech, financial software, crypto surveillance, DeFi analytics, crypto market data, institutional crypto tools, FRST.io, Patrick Gorrell, Jonas Frost
