Binance Labs, the venture capital and incubator arm of crypto exchange giant Binance, has recently led a $4 million seed round for Web3Go, a Singapore-based blockchain start-up that offers data tools backed by artificial intelligence (AI).
Web3Go aims to provide reliable and comprehensive data solutions for Web3 applications, such as decentralized finance (DeFi), non-fungible tokens (NFTs), and gaming.
According to the press release, Web3Go leverages AI to collect, process, and analyze data from various blockchain networks, such as Ethereum, Binance Smart Chain, Solana, and Polygon. The company claims that its data platform can help developers, investors, and researchers gain insights into the Web3 ecosystem and make better decisions.
Some of the Features that Web3Go Offers Include,
- Data APIs: Web3Go provides easy-to-use and scalable APIs for accessing blockchain data, such as transactions, balances, contracts, events, and tokens.
- Data Analytics: Web3Go uses AI to perform advanced data analysis, such as sentiment analysis, trend detection, anomaly detection, and risk assessment.
- Data Visualization: Web3Go enables users to create interactive and customizable dashboards and charts to visualize blockchain data and metrics.
- Data Intelligence: Web3Go delivers actionable insights and recommendations based on data analysis, such as market opportunities, investment strategies, and best practices.
Web3Go plans to use the funds raised from the seed round to further develop its data platform, expand its team, and grow its user base. The company also intends to collaborate with Binance Labs and other investors to explore new use cases and partnerships in the Web3 space.
Binance Labs is one of the most active investors in the blockchain and crypto industry. It has supported over 100 projects across various sectors, such as DeFi, NFTs, gaming, infrastructure, security, and privacy. Some of its notable portfolio companies include Audius, Dapper Labs, Injective Protocol, PancakeSwap, 1inch Network, and Oasis Network.
Binance Labs said that it was impressed by Web3Go’s vision and technology and that it believes that Web3Go can become a leading data provider for the Web3 ecosystem. Binance Labs also said that it shares Web3Go’s mission of empowering users with data-driven insights and enabling innovation in the Web3 space.