Tel Aviv, Israel, July 2nd, 2024, Chainwire
SendBlocks, a pioneering startup in blockchain information administration, introduced as we speak that it’s popping out of stealth mode with $8.2 million in seed funding led by Fortress Island Ventures with a number of different institutional traders together with Pitango, Illuminate Monetary, Laser Digital (Nomura), Starkware and notable ecosystem leaders.
SendBlocks makes accessing blockchain information easy. The SendBlocks platform is absolutely customizable permitting blockchain enterprises, ecosystems, protocols and purposes to outline the info that issues to them, and go away it to SendBlocks to sift via the blockchain to seek out their nuggets.
As excessive throughput blockchains emerge, many new use instances for blockchain-based purposes have gotten evident thanks to raised usability and cheaper transaction value. “On the finish of the day we wish to create a actuality through which any developer can entry any blockchain information they want, while not having a complete information crew or spending 1000’s of {dollars} per information want to take action,” shares Itay Shrem, Co-founder & CEO.
Present shoppers (that may be disclosed) embody Bancor and SphereX who’ve already benefited from SendBlocks’ progressive answer, experiencing streamlined operations and price financial savings. With increasingly excessive throughput blockchains rising, SendBlocks is positioning itself to develop into the main information administration platform.
The challenges with information administration in web3
Whereas in conventional web2 improvement, backend engineers construct and entry databases straight; within the blockchain ecosystem, the blockchain itself acts because the backend, accessed via RPC (NYSE:) calls. Leading to two main challenges:
“Consider when Taylor Swift tickets go on sale and TicketMaster must deal with thousands and thousands of requests concurrently, the location typically crashes. That’s as a result of the backend isn’t optimized for The Swifties,” explains Shrem. “The technological problem of knowledge administration in excessive throughput blockchains is just like the transition from supporting smaller, much less identified, artist ticket gross sales to with the ability to help Taylor Swift demand, however on a regular basis” he provides.
Enter SendBlocks
“We imagine that beginning out in web3 should not necessitate an in depth information crew and that infrastructure prices ought to align with the applying’s consumer base reasonably than the blockchain’s throughput,” says Michael Kellner, Co-founder & CTO. “Merley scaling the blockchain is not enough; your complete stack have to be scalable to help the subsequent technology of purposes,” he provides.
SendBlocks’ progressive strategy addresses these challenges head-on. Shrem and Kellner, having spent over a decade every in Talpiot at the moment are leveraging their expertise in constructing safe and resilient infrastructures.
SendBlocks goals to considerably scale back backend and indexing efforts for blockchain builders whereas sustaining flexibility and robustness by consolidating the traditional indexer/RPC course of right into a single, user-friendly platform.
Some easy use instances of the SendBlocks platform have already been a sport changer for shoppers, similar to versatile historic information entry and absolutely customized notifications.
By offering prospects entry to something taking place on-chain, SendBlocks helps builders save billions of API queries, leading to leaner information groups, whatever the underlying blockchain.
“Present information administration options and indexers simply don’t help quick blockchains,” explains Shrem, “we’re constructing with scale and ease in thoughts to make sure ecosystems get pleasure from engagement and retention” he provides.
“By offering enterprises, ecosystems and protocols quick access to on-chain information, SendBlocks allows prospects to save lots of tens of 1000’s of {dollars} per 30 days in improvement prices and scale back time to market from months to weeks,” says Sean Choose, Basic Supervisor of Fortress Island Ventures which led the spherical. “Itay and Michael’s cyber-security and cryptographic backgrounds make them the proper duo to ship on their imaginative and prescient to alter the best way companies handle their blockchain information” he provides.
With the funds SendBlocks will proceed to develop out it’s R&D crew to help current and future shoppers in addition to scale its advertising and gross sales efforts to draw prime protocols and ecosystems.
Shrem and Kellner lead a powerful crew of 9, all coming from infamous web2 enterprises similar to Microsoft (NASDAQ:), AWS and Talpiot intelligence unit in addition to web3 orgs similar to Bancor and Algorand. Kellner holds a Masters in post-quantum cryptography and Shrem focuses on community coding and safety.
About SendBlocks
SendBlocks is a pioneering blockchain information administration startup that simplifies entry to blockchain information via a totally customizable platform. Rising from stealth mode with $8.2 million in seed funding led by Fortress Island Ventures, SendBlocks addresses the challenges of knowledge flexibility and scalability in high-throughput blockchains. By enabling enterprises, ecosystems, and purposes to outline and entry the info they want, SendBlocks eliminates the necessity for intensive in-house information groups or costly, outsourced, options per information level.
ContactCEOOmri HurwitzOmri Hurwitz Mediaomri@omrihurwitz.com
This text was initially revealed on Chainwire
