Covalent, a leading blockchain data querying service, is happy to announce that it has secured $3.1 million in funding co-led by investors Woodstock Fund, 1kx Capital and Mechanism Capital. Other strategic investors – AU21, Brilliance, TRGC, Alameda and CoinGecko also participated in the funding round.
The new funding will be used to advance product and market development to cement Covalent’s leadership in the DeFi data analytics space.
Today, my team at Covalent is proud to announce the introduction of Covalent Research to the world. Covalent Research is the first of its kind to provide independent, unbiased industry research on various blockchain projects and crypto-tokens. Our agenda is to use data to tell you what you need to pay attention to and what you can ignore.
VANCOUVER, May 10th, 2021 - Covalent, an indexing/querying blockchain data provider, has closed $10 million in funding from a CoinList Public Sale. The new funding will bring the Covalent Query Token, CQT, to the public for the first time as Covalent continues to move toward a community-led project.
As a first time sponsor at HackFS, we at Covalent were blown away by the innovation and creativity of the projects! Congrats to all the participants making up the 150+ submissions. We had 10 submissions using our unified API to bring transparency and visibility to assets across all blockchain networks. The Covalent API is ideal for hackathons because it is simply the fastest way for teams to access granular and historical on-chain data without code, unlocking One Billion possibilities.
TL;DR: When we started the Alchemist Program back in February this year, little did we know it would take on a shape of its own – to become one of the most vibrant community programs in web3, with 2500+ members participating from over 100 countries. The next step of the program’s evolution from being community-led to community-owned is here.
Today, we are excited to announce the launch of AlchemistDAO at MCON 2021 in Denver. AlchemistDAO stems from the first version of the Alchemist Program and brings together a community of innovative data-nerds within the Covalent network, breaking barriers, and creating a new economy powered by data. We want the Alchemists to explore aspirations, pursue queries, and own their future in a space where contributions become currency.
We believe that everyone should have access to education, a high-quality network, career opportunities, and a space to explore their purpose. With AlchemistDAO, we are creating that space for data nerds like us, who want to understand more about the data and the possibilities that it unlocks.