
Rootdata
MIT Alumni Founded Crypto Projects.
Date | Investors | Amount | Round |
---|---|---|---|
* | $1.3m | Seed | |
Total Funding | 000k |
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Based in Singapore, Rootdata operates as a data platform for Web3 assets, aiming to systematize on-chain and off-chain data for crypto investors and enthusiasts. The company was co-founded by QuanYu and Pan, with its beta version launching in December 2022 and a more comprehensive version 2.0 released in February 2024. The founding team's background includes nearly six years of experience in crypto news reporting and industry research, which informed the platform's development. In April 2024, RootData secured $1.25 million in a seed funding round led by Northern Light Venture Capital (NLVC) with participation from several other firms, including Boyaa Interactive and Bonfire Union Ventures. These funds are allocated for product development and market expansion.
Rootdata's business revolves around providing a structured and visually accessible crypto project database. It serves a client base of over two million crypto users, including investors and entrepreneurs, processing a high volume of search requests monthly. The business model is multifaceted, exploring monetization through membership models and primary and secondary market transactions. A significant revenue stream comes from its API, which allows third-party platforms like media outlets, wallets, and AI applications to integrate Rootdata's extensive dataset, thereby saving them the resources of managing project data independently. The platform has already attracted over 30 API customers.
The core service is a comprehensive data platform that aggregates information on thousands of crypto projects, individuals, and investment activities. It combines off-chain data, such as project introductions, team backgrounds, and financing details, with on-chain data like real-time token holdings and transaction dynamics. Key features include a project library, an investor database, a 'Crypto People Database' with professional backgrounds, and ecosystem atlases. The platform uses tags and visualizations to help users filter information and understand relationships between projects, VCs, and individuals. A notable feature is the 'Crypto Hot Projects Ranking,' which analyzes user search data to provide market indicators and identify trending projects. Rootdata also fosters community involvement by allowing users to contribute to and verify data, ensuring accuracy and credibility.
Keywords: crypto data, Web3 assets, blockchain analytics, crypto investment, financing data, on-chain data, off-chain data, crypto projects database, venture capital, API services, market trends, project screening, tokenomics, crypto research, Web3 data platform, digital asset analytics, crypto intelligence, ecosystem atlas, investor tracking, hot projects ranking