VANCOUVER, December 3rd, 2020 – Fresh off of their oversubscribed funding round of $3.1m from top-tier cryptocurrency investment firms, Covalent, a leading blockchain data analytics provider, is acquiring Byzantine Labs, a blockchain startup incubator and consultancy based in Vancouver, BC for an undisclosed amount. The Byzantine Labs team will be joining Covalent’s product and engineering departments. Click below for the full press release.
Ganesh, CEO of Covalent says, “We are excited to have Byron and Anant on board, both are crypto-natives who will accelerate our mission of increasing blockchain data literacy, ultimately pushing blockchain adoption into the broader mainstream. Byzantine Labs’ mission has always been to bring the promised potential of blockchain technologies into reality, and together with Covalent, they’ll do just that.”
Click here for the full press release.
Covalent leverages big-data technologies to create meaning from hundreds of billions of data points, delivering actionable insights to investors and allowing developers to allocate resources to higher-utility goals within their organization. Instead of pain-stakingly sourcing data from a small handful of chains, Covalent aggregates information from across dozens of sources including nodes, chains and data feeds. The Covalent API then sources end users with individualized data by wallet, including current and historical investment performance across all types of digital assets. Most importantly, Covalent returns this data in a rapid and consistent manner, incorporating all relevant data within one API interface.