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.

AccessTimeIconJun 16, 2021 at 5:18 p.m. UTC
Updated May 9, 2023 at 3:20 a.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. 

  • Meme Coins Continue to Be the 'Zeitgeist': Expert
    00:36
    Meme Coins Continue to Be the 'Zeitgeist': Expert
  • SEC's Crypto Enforcer Quits; Drake Could Lose $1M in Bitcoin From NHL and NBA Bets
    01:57
    SEC's Crypto Enforcer Quits; Drake Could Lose $1M in Bitcoin From NHL and NBA Bets
  • Meme Coins on TON Rally Despite Overall Market Plunge
    00:54
    Meme Coins on TON Rally Despite Overall Market Plunge
  • Filecoin Foundation President on Decentralizing Data Storage
    11:41
    Filecoin Foundation President on Decentralizing Data Storage
  • 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. 

    Disclosure

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

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.