Blockscout Raises $3M Seed Round Led by 1kx to Scale Open-Source Blockchain Data Exploration Across all EVM Chains

[PRESS RELEASE – Belgrade, Serbia, August 7th, 2024]

• The $3M round was led by 1kx with participation from Primitive Ventures and Gnosis.
• Blockscout’s open-source block explorer provides access to blockchain data with multi-search functionalities and advanced analytics for over 600 networks, including Filecoin, Arbitrum, Optimism, Base, and more.
• Blockscout has already become the de-facto solution for Rollup-As-A-Service providers, such as Conduit, Gelato, and Astria.

Blockscout, the leading open-source block explorer for all EVM-based chains, today announced the close of its $3M seed round led by 1kx. The round included investors such as Primitive Ventures and Gnosis, and angels including Evan Van Ness, Alex Svanevik, Kartik Talwar, Anton Bukov, and Stefan George.

Blockscout plans to use the funding to further build out the product suite and improve user experience, such as the integration of social elements and AI-enabled tooling directly into the dashboard. It will also be used to make the deployment of their Explorer-as-a-Service easier, support new projects looking for EAAS customization, and deepen involvement with existing chains, further contributing to their mission of bringing key customizable data to those who need it, be they developers or end-users.

Block explorers provide valuable services for anyone who needs up-to-date and reliable blockchain data, however, high fees and lack of customizability have made many block explorers inaccessible to chains. Blockscout is on a mission to redefine the role of the block explorer, transforming the existing paradigm with its open-source and universally accessible tooling. With coverage of more than 600 networks to date and growing, Blockscout provides a full-featured product suite for exploring, confirming, and inspecting transactions, including robust developer tooling and a user-friendly portal for consumers and applications.

“Blockscout will be the default setting for all new and existing EVM chains,” said Igor Barinov, Founder and CEO of Blockscout. “We are on the way to becoming the main platform for verifying all information on blockchains and exploring dApps in a safe way. As one of the few open-source players, we offer unmatched transparency and accessibility that serves everyone in the crypto space, from developers to everyday users.”

“Block explorers have long been a staple tool for the web3 ecosystem – giving developers, analysts, and end users alike the visibility they need into general onchain activity and transactions of interest,” said Nichanan Kesonpat, Research Analyst at 1kx. “Blockscout’s open source EVM explorer and tools enable nascent projects to host their own explorer, providing an alternative to expensive EaaS offerings and offsetting the costs of building an explorer from scratch. This is critical tooling in a modular, multichain world where new networks and appchains can give their users insights into network activity right away.”

Chains can either use Blockscout’s open-source software to host their own server or pay them to host an explorer on their behalf. Several features have made them particularly attractive to L2s, such as their support for smart wallet transactions and advanced API support. Heavily integrated in the L2 rollup ecosystem, Blockscout has now become the de-facto solution for RaaS providers such as Conduit, AltLayer, Gelato, Chainstack, and Astria, who all integrate them to give their customers a block explorer out of the box.

Major players such as Arbitrum, Filecoin, OP, Base and Immutable are also partnering with Blockscout, and in some cases, have been for multiple years. Blockscout has been a close collaborator of Optimism for over two years, providing them with key data for the Bedrock upgrade, and thereafter receiving a Retro Grant by the community to recognize the value of their contributions. They also recently announced a new integration with Arbitrum One, streamlining easy access of data across Arbitrum related to DAOs, NFTs and dApps.

About Blockscout

Blockscout is an open-source block explorer available for all EVM (Ethereum Virtual Machine) based chains. Live on over 600 networks, Blockscout features a robust interface for searching blocks, transactions, accounts, and tokens, and provides tooling for developers including smart contract verification and access to a suite of optimized APIs. The new DAppscout marketplace built into Blockscout offers a secure environment for decentralized app discovery, exploration, and interaction.

For more information, users can visit www.blockscout.com or follow Blockscout on X, Telegram, and Discord

The post Blockscout Raises $3M Seed Round Led by 1kx to Scale Open-Source Blockchain Data Exploration Across all EVM Chains appeared first on CryptoPotato.