Munich, Germany, February 24, 2022
bitsCrunchBlockchain analytics firm, which focuses on providing services that use artificial intelligence (AI) to protect NFT ecosystems, announced today that it has raised $ 3.6 million in a private round of financing from a major investor Animoca Brands with the participation of Coinbase Ventures, Crypto.com Capital, Polygon Studiosand others.
Animoca Brands is a global leader in gaming and blockchain with a large portfolio of over 150 investments in NFT-related companies and decentralized projects that contribute to building an open metaverse.
In addition to Animoca Brands, Coinbase Ventures, Crypto.com Capital and Polygon Studios, Borderless Capital, Bison Funds, Mapleblock, Morning Star Ventures, Shima Capital, GravityX, Thykeblock Ventures and Spark Digital Capital also took part in the round. Angel investors from Ex-CxO Huobi, CxOs of Biconomy, Frontier, and experts from JP Morgan, Goldman Sachs and Facebook also supported the project. The new funds announced today will be used to expand a team that can focus on securing many prominent blockchains.
Yat Siu, CEO and co-founder of Animoca Brands, commented: “With the growing number of irreplaceable digital assets in circulation and the growth of the NFT market, bitsCrunch has the potential to significantly contribute to the security and safety of the emerging open metaverse.”
Vijay Pravin, founder and CEO of bitsCrunch, commented: “We are pleased to be supported by some of the best investors in the class such as Animoca Brands, Coinbase Ventures, Crypto.com Capital, Polygon Studios and other leaders in the blockchain industry. ”
BitsCrunch is headquartered in Munich, Germany and operates in India. bitsCrunch helps people make decisions about buying NFT, allowing people to make decisions which NFTs to buy, and – most importantly – not to buy. For more information visit https://bitscrunch.com.
- Vijay Pravin Maharajan