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bitsCrunch Successfully Closes an Oversubscribed Seed Round 🎉

bitsCrunch Successfully Closes an Oversubscribed Seed Round

bitsCrunch team is delighted to announce the closure of our oversubscribed seed round raising $750,000. This could not have been done without the invaluable support from Covalent, Double Peak, GenBlock Capital, Ledger Prime, MEXC Global and Synaps.

The oversubscription of the seed round has shown the massive amount of interest and trust that bitsCrunch has earned. We’d like to express our heartfelt gratitude to our community and investors for all of their invaluable support since the very beginning!

Seeing issues like forgeries, wash-trading and inefficient asset valuation in the NFT space has driven us to develop our proprietary technologies to provide NFT collectors and traders with the best analytics capabilities possible. bitsCrunch will endeavour to accomplish this ground-breaking vision thanks to the tremendous support of our community and investors.

We sincerely thank the following reputable blockchain VCs/ Backers who contributed to our success:

Covalent

Covalent provides a unified API to bring full transparency and visibility to assets across all blockchain networks. Covalent leverages big-data technologies to create meaning from hundreds of billions of data points, delivering actionable insights to investors and allowing developers to allocate resources to higher-utility goals within their organization.

Double Peak

Double Peak Group is a family office focused on investments in the digital asset and blockchain space. Double Peak have invested in a multitude of areas including: Asset Management, Banking & Payments, Cross-Chain Platforms, CeFi-DeFi Bridges, Infrastructure Protocols, Investment Funds, Gaming/NFTs, Privacy/Security, The Metaverse, Trading and Exchanges.

GenBlock Capital

Genblock Capital invests exclusively in blockchain and cryptocurrency, with a focus on decentralized finance and metaverse. Genblock Capital have been deeply entrenched in the crypto markets since early 2017, and invest in liquid cryptocurrencies on the secondary market as well as early stage funding rounds.

LedgerPrime

LedgerPrime is a quantitative and systematic digital asset investment firm. With a commitment to rapid innovation and a technology first and data-centric approach, LedgerPrime seeks to become a global leader in generating sustained and superior risk-adjusted returns.

MEXC Global

MEXC Global is a centralized exchange that employs a high-performance mega-transaction matching technology. The MEXC platform is run by a team of professionals with extensive financial industries and blockchain technology experience. Currently, MEXC Global has around 5 million users in more than 70 countries around the world.

Synaps

Synaps is an all-in-one compliance platform. It offers a simple, fast and secure way to meet compliance requirements at scale.We will reveal more details regarding our upcoming launch soon, so be sure to follow us on Twitter and join our Telegram channel. bitsCrunch is grateful for the organic community that has come together and we are very excited to begin the journey with you.

About bitsCrunch

bitsCrunch – The Most Comprehensive Data-Driven NFT Insights Ever. We are one of the top 4 AI companies in Munich, Germany that excels in Blockchain technology. We believe that blending a proven technology like Artificial Intelligence with Blockchain technology can do wonders and make the ecosystem much more safer and reliable ! Our mission is to create impactful insights from intricate data sources, by harnessing predictive analytical systems which are empowering organizations with actionable intelligence.

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Frequently Asked Questions

NFTs are Non-Fungible Tokens, and in layman terms, representing digital art or collection, video clips of best moments in the sports and entertainment field, gaming skins and collectibles, stored in a distributed ledger powered by blockchain technology. These are unique items and are not interchangeable with another NFT.

Generally, things are valuable when they are scarce. There is only one Mona Lisa. There are only 59 Le Bron James dunking NBA Top Shots (one of which sold for $US387,000).

The primary difference between the two is that unlike cryptocurrency and digital currency, NFTs cannot be traded for each other as they are unique. representations of real-world assets. Cryptocurrencies and digital currencies can be traded for each other as there will be no loss to their value.

An NFT is a unique digital signature that you can attach to an asset. Whether that’s a song, or an image, or a piece of footage, a unique digital signature is like a fingerprint that contains information like who created the asset, when, and any conditions on its future sale (for example, whether or not the creator gets a percentage of when it is on-sold).

BCUT is the native digital utility token, it provides access to bitsCrunch services and the bitsCrunch network.

BCUT is the native digital utility token, it provides access to bitsCrunch services and the bitsCrunch network. It is designed to play a vital role in the functioning of the bitsCrunch ecosystem and is intended to be solely used as the primary utility token on the network.

We are a Cross-functional team with more than 25+ years of experience in Data Analytics & Artificial Intelligence and Blockchain. We already have all the NFT data since its inception. We blend our AI expertise with the Blockchain to bolster the NFT ecosystem.

We have built a model to identify the impersonation of artworks, thereby preventing the Provenance of the artist and the artwork. We are offering our services in a SaaS manner, wherein the customers can stake a certain amount of our native tokens to avail our services.

We haven't launched our BCUT Token yet, but we will send out a confirmation on the launch of the token on our official website and official Telegram channel.