BitsCrunch has completed a funding round to develop NFT analytics tools that will protect against counterfeiting and fictitious token trading.
Analytical company BitsCrunch, with the support of Animoca Brands, Coinbase Ventures and Crypto.com, attracted
$3.6 million for a project to create analytical tools for an ecosystem of cryptocurrencies and non-fungible tokens (NFTs).
It is planned that the use of analytical tools created on the basis of AI will allow investors to objectively navigate in determining the fair price of NFT, receive a warning about fictitious trading in a timely manner, and also protect investors in cases where it is proposed to purchase NFT in the form of a copy or fake of a “genuine” token. .
We are excited to announce that we have completed an oversubscribed private token round of $3.6M USD, led by @animocabrands & with participation from @coinbase @cryptocom @polygonstudios & a few others. A detailed thread pic.twitter.com/a5La2z5jym
— bitsCrunch | #SecureYourNFTs (@bitsCrunch) February 24, 2022
On Twitter, the company expressed its hope that the new additions will “make the entire ecosystem more robust and secure for the community.”
BitsCrunch CEO Vijay Pravin Maharajan revealed that his company supports NFT analytics on the Ethereum (ETH), Polygon (MATIC) and Avalanche (AVAX) blockchains. The funding received will go to BitsCrunch “to expand the team, which will focus on the Solana (SOL), Polkadot (DOT), Algorand (ALGO) and other blockchains.”
The other day, one of the NFT collectors filed a lawsuit against the OpenSea platform, in which he accused the platform of knowingly condoning hackers who buy NFTs at prices much lower than market prices.
Source: Bits
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