Solana Foundation Leads $3M Investment in Blockchain Data Platform PARSIQ

Evan Cheng, the director of research at Facebook’s Novi Financial, is also joining the project as an adviser.

Jun 16, 2021 at 5:18 p.m. UTC
Updated Sep 14, 2021 at 1:12 p.m. UTC

PARSIQ, a blockchain data monitoring platform, has raised $3 million.

The firm said the funding round was led by the Solana Foundation and Axia8 Ventures and included Mindworks VC, Krypital Group, CoinUnited, Transfero Swiss, Elevate Ventures, Sanctum Ventures and others. 

The suite of smart tools offered by PARSIQ includes notifications for token transfers, price fluctuations and other blockchain-related movements. According to PARSIQ’s documents, users are able to customize their notification settings to block out undesired noise, while receiving important information in real time. 

Solana founder Anatoly Yakovenko said he believes access to blockchain data through applications like PARSIQ will help Solana-based projects have “fewer headaches in building out their stack, allowing them to concentrate on their product.” 

The platform’s tools are compatible with Bitcoin, Ethereum, Solana and other blockchains.

PARSIQ had a public token offering in the fall of 2019, raising 1.6 million euros. As of press time, the PRQ token has a market capitalization of $100 million and is trading at $0.86, according to CoinGecko

Evan Cheng, the director of research at Facebook’s Novi Financial, joined the platform as an adviser after participating in the round as a private investor. Axia8 CEO Wayne Lin also joined as an adviser. 

The Festival for the Decentralized World
Thursday - Sunday, June 9-12, 2022
Austin, Texas
Save a Seat Now

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Trending

1
Coinbase Expands Features, Allowing Some App Users to Access Ethereum-Based Dapps

The move will let Coinbase users purchase NFTs, trade on decentralized exchanges and borrow and lend on various DeFi platforms.

The move will let Coinbase users purchase NFTs, trade on decentralized exchanges and borrow and lend on various DeFi platforms.

2
S&P Global Ratings Forms DeFi Group to Build Out Crypto Framework

The credit rating giant named Charles "Chuck" Mounts as chief DeFi officer to lead the unit.

The credit rating giant named Charles "Chuck" Mounts as chief DeFi officer to lead the unit.

3
What Happened to the Luna Foundation Guard’s Bitcoin Billions?

The community is getting louder about wanting answers to this lingering question.

The community is getting louder about wanting answers to this lingering question.

4
Stronghold Digital Beats Q1 Revenue Estimates, but Misses on Earnings

Shares of the bitcoin miner that uses waste coal for energy fell slightly in after-hours trading.

Shares of the bitcoin miner that uses waste coal for energy fell slightly in after-hours trading.