BitsCrunch Receives $3.6 Million in NFT Analytics Tools Grants

In a funding round led by Animoca Brands, Coinbase Ventures, Crypto.com Capital and others. BitsCrunch – crypto ecosystem analysis company and NFT earned $3.6 million

BitsCrunch Gets $3.6 Million in NFT Analytics Tools Grants

BitsCrunch is a blockchain analytics startup based in Germany and India. BitsCrunch uses AI-based analytics tools to determine fair prices for NFTs while also alerting fake transactions and determining if NFTs are clones or fakes of genuine assets.

The company helps investors have better access to data and protects them from fakes and non-genuine trading. This is the reason that helps BitsCrunch receive a huge amount of investment from investors.

BitsCrunch CEO Vijay Pravin Maharajan told Cointelegraph on February 25 that his company currently supports NFT on Ethereum (ETH), Polygon (MATIC), and Avalanche (AVAX).

At the same time, with the desire to create a more reliable and safer ecosystem for the community, the company is hatching a plan to use the funds to expand a team dedicated to protecting many prominent blockchains such as Solana (SOL ), Polkadot (DOT), Algorand (ALGO) and other blockchain exchanges.

BitsCrunch attracts investors’ interest

It is no coincidence that BitsCrunch has received such great attention and investment. In a statement on February 25, Yat Siu – Co-founder of Animoca – a leader in the fields of digital entertainment, blockchain, gaming and AI artificial intelligence, commented that:

“BitsCrunch is in a good position to assist investors in making informed investment decisions. BitsCrunch can make a meaningful contribution to the safety and security of the metaverse.”

Animoca Brands is currently the leading investor for BitsCrunch this time. Last month, BitsCrunch was valued at $5 billion thanks to the returns on Animoca’s portfolio, which includes Axie Infinity, The Sandbox, and many other NFT-based projects.