Nxyz, a Web3 platform enabling data infrastructure for blockchains, secured $40 million in Series A funding led by venture firm Paradigm with additional participation from Coinbase Ventures, Greylock Partners and Sequoia Capital. Angel investors also participated, including Balaji Srinivasan, Jaynti Kanani, Jing Wang, Packy McCormick, Surojit Chatterjee and Ryan Selkis.
According to Nxyz, the funds raised will be used to expand the company’s team, build support across emerging use cases and expand across different chains. The company will focus on expanding its team globally, across engineering and partnerships, and also onboard several more blockchains in the upcoming months.
The Web3 platform aims to empower builders, creatives and entrepreneurs to build a better internet by providing more efficient blockchain indexing and data infrastructure. The company claims its blockchain API provides real-time blockchain data in less than 200 milliseconds.
The platform, built by engineers...
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