Superchain Network, also known as the “Open Index Protocol,” has successfully raised $4 million in combined seed and pre-seed fundraising rounds. Blockchain Capital led the seed round, while other participants in the pre-seed round included Maven 11, KR1, Tokonomy, and Fansara.
The funding will go towards the development of Superchain’s decentralized blockchain data protocol, which offers an innovative approach to data indexing. The platform organizes on-chain data and enables decentralized application (dApp) developers and users to access the data in a matter of seconds. With the increasing demand for block space, Superchain believes that applications will require a way to interpret and utilize information efficiently.
Maxim Legg, co-founder and chief technology officer at Superchain Network, said that the platform is based on unconstrained ownership, which means that no centralized entity should control the relationship between humans and data. Superchain Network provides a way for users to access decentralized data without having to delegate custody or trust to centralized aggregators.
Superchain’s data indexing approach differs from other protocols like The Graph and Moralis, as it offers open and ownable data to users, unlocking use cases that were previously not possible with GraphQL. James Corbett, co-founder and CEO at Superchain Network, said that incumbents in the indexer space are trying to decentralize web2 APIs, whereas Superchain takes a fundamentally different approach.
Currently, Superchain is offering early access to market makers, quant traders, data scientists, and dApp developers. With its decentralized blockchain data protocol, Superchain aims to revolutionize the way on-chain data is organized and accessed.
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