BitsCrunch attracted $3.6 million to create NFT analytics tools – Bits Media

BitsCrunch Completes a Funding Round to Develop NFT Analytics Tools, which will protect against counterfeiting and fictitious trading of tokens.

Analytics company BitsCrunch, with the support of Animoca Brands, Coinbase Ventures и Crypto.com, attracted
$3.6 million for the project of creating analytical tools for the ecosystem of cryptocurrencies and non-fungible tokens (NFT). 

Planned, that the use of analytical tools, created on the basis of AI, will allow investors to objectively navigate in determining the fair price of NFTs, receive timely warning about fictitious trading, and also protect investors in cases, if an NFT is offered for purchase in the form of a copy or counterfeit of a “genuine” token.

We are excited to announce that we have completed an oversubscribed private token round of $3.6M USD, led by @animocabrands & with participation from @coinbase @cryptocom @polygonstudios & a few others. A detailed thread pic.twitter.com/a5La2z5jym

— bitsCrunch | #SecureYourNFTs (@bitsCrunch) February 24, 2022

The company expressed hope on Twitter, that the new additions will "make the entire ecosystem more robust and safer for the community".

CEO BitsCrunch Vijay Praveen Maharajan (Vijay Pravin Maharajan) reported, that his company supports NFT analytics on Ethereum blockchains (ETH), Polygon (MATIC) and Avalanche (AVAX). BitsCrunch plans to use the received funding “to expand the team, which will focus on Solana blockchains (SOL), Polkadot (DOT), Algorand (SOMETHING) and others".

The other day, one NFT collector submitted
statement of claim regarding the OpenSea platform, in which he accused the platform of deliberately conniving with hackers, buying NFTs at prices much lower than market prices.