As part of the financing round of Series A led by Arthur Ventures, the Nomics cryptocurrency startup raised $ 3 million. Coinbase Ventures, CoVenture Crypto, Digital Currency Group, BitGo co-founder Ben Davenport, CityBlock Capital, King Capital, PolyMath and TokenSoft are among the investors.
“We have a strong balance sheet and a real product and customers. [Of The the Series A] represents a real desire to have equity – Meaning information rights, voting rights etc -. And to invest in real Businesses with people with experience »~ @ClayCollins https://t.co/muYOeuNhpu
– Mike Dudas (@mdudas) December 18, 2018
Note, Nomics intends to invest in expanding the development team. The funds raised will also allow the startup to continue work on indexing 95% of the data related to the cryptocurrency trade.
Nomics CEO and co-founder Clay Collins said that collecting cryptocurrency data is a complex engineering task. He added that the Nomics team is committed to providing “data without gaps” that will demonstrate a real picture of the cryptoindustry.
According to Collins, after indexing the information, "millions of new pages available" will appear.
You can access data on various assets, for example, on price quotes and trading indicators, using the Nomics API, which shows financial performance for both previous years and in real time.
The ultimate goal of the project is that hedge funds and other investors can use this data when developing trading algorithms and tracking market fluctuations.
Recall that in November, Coinbase and Digital Currency Group invested $ 4.5 million in a cryptocurrency start-up.
Earlier, BlockchainJournal reported that among the former employees of Coinbase there is an analogue of the “Mafia PayPal”.
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