Ethereum’s Dune Analytics, one of the most popular data viewing and analytics platforms, is making expansion plans after its huge funding round.
In a statement Wednesday, Dune Analytics announced a $1 billion valuation, raising 69,420,000 in revenue in its funding round. FTX last October cryptocurrency stock market also realized a financing round of 420,690,000 dollars. The numbers in question refer to the “meme culture” created by the cryptocurrency community.
Dune Analytics Aims to Become a Leading Platform in Blockchain and Cryptocurrency Data Analysis
The company’s funding round was spearheaded by Coatue, who was not involved in the cryptocurrency world until recently. However, according to Dune CEO Fredrik Haga, the company made aggressive moves during the funding round: “We didn’t even give them any Excel files or presentations. They came to us and had incredible faith in what we did, in what we had accomplished in the past. After that, they made us an offer we couldn’t refuse.”
After the said funding round, the Dune developers announced that they will now conduct an aggressive expansion campaign to become the sole source of data in the Blockchain industry: “When we talk about blockchains, we are actually talking about a public backend platform. Anyone can create applications on blockchains, and this actually creates the data that is our job. Thanks to Dune, anyone in the world can review this data.”
The company’s roadmap includes providing services for other blockchains other than Ethereum.