2024

Bitcoin

Subsquid

<div class="finbold"> 
 <p class="paragraph">Subsquid, a leading Web3 data access layer, has secured $17.5 million in funding and forged a partnership with Google ahead of its highly anticipated token launch, as per the information shared with Finbold on May 16.</p> 
 <p class="paragraph">The financial boost will support the development of Subsquid’s innovative data indexing technology, which aims to revolutionize blockchain data accessibility.</p> 
 <h2 class="wp-block-heading" id="h-subsquid-s-integration-with-google-bigquery">Subsquid’s integration with Google BigQuery</h2> 
 <p class="paragraph">A major highlight of this development is Subsquid’s integration with Google BigQuery.&nbsp;</p> 
 <div class="border border-red-300 rounded-xl p-6 not-prose mb-6"> 
  <h3 class="text-2xl font-black mt-0 flex gap-x-3 mb-5"> 
   <svg width="32" height="32" viewbox="0 0 32 32" fill="none" xmlns="//www.w3.org/2000/svg"> <path d="M4 10.6665V25.3332C4 28.2678 6.392 29.3332 8 29.3332H28V26.6665H8.016C7.4 26.6505 6.66667 26.4078 6.66667 25.3332C6.66667 24.2585 7.4 24.0158 8.016 23.9998H28V5.33317C28 3.8625 26.804 2.6665 25.3333 2.6665H8C6.392 2.6665 4 3.73184 4 6.6665V10.6665ZM8 5.33317H25.3333V21.3332H6.66667V6.6665C6.66667 5.59184 7.4 5.34917 8 5.33317Z" fill="#EF4444"> 
    </path> <path d="M15.996 18.6668L20.4626 14.2815C20.738 14.0166 20.9571 13.6989 21.1068 13.3473C21.2564 12.9957 21.3336 12.6176 21.3336 12.2355C21.3336 11.8534 21.2564 11.4752 21.1068 11.1236C20.9571 10.7721 20.738 10.4543 20.4626 10.1895C19.9074 9.64148 19.1587 9.33422 18.3786 9.33422C17.5985 9.33422 16.8498 9.64148 16.2946 10.1895L15.996 10.4801L15.6973 10.1881C15.1423 9.64023 14.3938 9.33301 13.614 9.33301C12.8341 9.33301 12.0856 9.64023 11.5306 10.1881C11.2552 10.453 11.0361 10.7707 10.8865 11.1223C10.7368 11.4739 10.6597 11.852 10.6597 12.2341C10.6597 12.6162 10.7368 12.9944 10.8865 13.346C11.0361 13.6975 11.2552 14.0153 11.5306 14.2801L15.996 18.6668Z" fill="#EF4444"> 
    </path> 
   </svg> Picks for you </h3> 
  <div class="grid md:grid-cols-2 gap-x-10 gap-y-3 md:gap-y-5 divide-y divide-gray-300 md:divide-y-0"> 
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
     We asked ChatGPT-4o what will be SHIB price at the end of 2024; Here’s what it said <span class="self-center text-xs text-slate-500">1 hour ago</span> 
   </div> 
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
     China dumps largest amount of US Treasury and Agency Debt in history <span class="self-center text-xs text-slate-500">2 hours ago</span> 
   </div> 
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
     Market expert sets Bitcoin price for August 2024 <span class="self-center text-xs text-slate-500">3 hours ago</span> 
   </div> 
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
     Finance legend Ray Dalio thinks there’s a 40% chance of a civil war in the U.S. <span class="self-center text-xs text-slate-500">3 hours ago</span> 
   </div> 
  </div> 
 </div> 
 <div class="mb-4 bg-slate-50 rounded-md layout-adjustment"> 
  <div id="finbold.com_middle" style="min-width: 300px; min-height: 250px;"> 
  </div> 
 </div> 
 <p class="paragraph">By incorporating its software development kit with Google’s powerful data analytics platform, Subsquid offers developers new capabilities to analyze blockchain data.&nbsp;</p> 
 <p class="paragraph">This marks a significant step forward, providing enterprises and big data analysts with a robust and reliable blockchain data source.</p> 
 <h2 class="wp-block-heading" id="h-following-the-success-of-subsquid-s-testnet">Following the success of Subsquid’s testnet</h2> 
 <p class="paragraph">The partnership follows the successful deployment of Subsquid’s testnet, which saw participation from over 70,000 users and the deployment of more than 20,000 indexers.&nbsp;</p> 
 <p class="paragraph">The platform has already secured key integrations with notable players like Berachain, Neon EVM, CORE, and Starknet, further solidifying its position in the industry.</p> 
 <p class="paragraph">In a record-breaking sale, Subsquid raised $6.3 million in just 19 minutes on CoinList, making it the fastest sale in the history of the platform.&nbsp;</p> 
 <p class="paragraph">The swift and substantial community backing of course contributed to the overall $17.5 million funding, attracting thousands of new token holders.&nbsp;</p> 
 <h2 class="wp-block-heading" id="h-sqd-token-to-list-on-major-exchanges-on-may-17">SQD token to list on major exchanges on May 17</h2> 
 <p class="paragraph">Subsquid announced that its native <a rel="dofollow" title="token" href="https://thebittimes.com/tag/token.html">token</a>, SQD, would be listed on multiple tier-one cryptocurrency exchanges on May 17, 2024. </p> 
 <p class="paragraph">The SQD token will be available for trading on Gate.io, Bybit, KuCoin, CoinList, and MEXC Global, with markets opening at 8:00 UTC and an initial launch price set at $0.094.</p> 
 <p class="paragraph">The introduction of SQD is expected to enhance liquidity and accessibility for the Subsquid token, as SQD is integral to the Subsquid ecosystem, aligning incentives among infrastructure providers and rewarding node operators who offer computational and storage resources. </p> 
 <p class="paragraph">Additionally, the token facilitates node curation and protocol governance.</p> 
 <p class="paragraph">Marcel Fohrmann, Co-Founder of Subsquid, expressed enthusiasm about the listings: </p> 
 <blockquote class="wp-block-quote"> 
  <p class="paragraph">“We’re excited to see our <a rel="dofollow" title="token" href="https://thebittimes.com/tag/token.html">token</a> go live on various trading venues. We’ve been working on getting Subsquid to market and onboard hundreds of worker nodes. With Subsquid Network even petabytes of on-chain data can be accessed and queried in a trustless and permissionless way, gradually replacing RPC nodes for data reads. We believe that this is another step towards powerful, fully decentralized web3 dapps and analytics.”</p> 
 </blockquote> 
 <p class="paragraph">The listing of SQD on these prominent exchanges aligns with Subsquid’s objective of decentralizing its network and expanding its user base within the Web3 community. </p> 
 <h2 class="wp-block-heading" id="h-industry-support-for-subsquid">Industry support for Subsquid</h2> 
 <p class="paragraph">Prominent investors such as Blockchange, Hypersphere, Zee Prime, DFG, and Lattice played a pivotal role in these recent <a rel="dofollow" title="funding" href="https://thebittimes.com/tag/funding.html">funding</a> rounds.</p> 
 <p class="paragraph">Jack Platts, Co-Founder of Hypersphere remarked:</p> 
 <blockquote class="wp-block-quote"> 
  <p class="paragraph">“Helping to build networks is one of our primary purposes at Hypersphere. By investing in Subsquid, we are ensuring that network and protocol developers always have access to the data they need to build. Subsquid reduces data costs for at scale deployment for many of the most popular blockchains and developer communities in the industry,”</p> 
 </blockquote> 
 <p class="paragraph">With the token launch getting nearer, Subsquid co-founder Dmitry Zhelezov emphasized the broader implications of the funding:</p> 
 <blockquote class="wp-block-quote"> 
  <p class="paragraph">“With our token launch just around the corner, this is just the beginning of the next generation of the open internet: Permissionless data access for anyone building in the Web3 space. By eliminating vendor-lock and serving data in a P2P manner, Subsquid is a game-changer, and a fundamental improvement over the status quo of centralized solutions that have full control over the data.”&nbsp;</p> 
 </blockquote> 
 <p class="paragraph">As Subsquid prepares for its <a rel="dofollow" title="token" href="https://thebittimes.com/tag/token.html">token</a> <a rel="dofollow" title="launch" href="https://thebittimes.com/tag/launch.html">launch</a>, the company’s advancements and strategic partnerships underscore its commitment to transforming blockchain technology and data usage.</p> 
</div> 
<p>Source: <a rel="dofollow" target="_blank" href="https://thebittimes.com/subsquid-secures-17-5m-in-a-funding-round-and-teams-up-with-google-ahead-of-token-launch-tbt88537.html">https://thebittimes.com/subsquid-secures-17-5m-in-a-funding-round-and-teams-up-with-google-ahead-of-token-launch-tbt88537.html</a></p>

Subsquid secures $17.5M in a funding round and teams up with Google ahead of token launch

Table of Contents

TheBitTimes

Other articles published on May 16, 2024

Bitcoin Self-Custody and Home Mining Made Legal Rights in Oklahoma After Passage Of Landmark Bill

Pepe Price Plunges 6% As Investors Shift Focus To The Chain-Hopping Dogeverse ICO For Parabolic P...

'The Hat Is Covering The Eyes Of WIF Holders': Veteran Trader Doubles Down On Meme Coin Bear Thesis

Boosting AI: Senators propose $32B investment plan for US tech growth

Analysts Accumulate Bitcoin as Prices Stabilize

The impact of Bitcoin speculators has been researched by experts. The results of the investigation

Join our free newsletter for daily crypto updates!