Subsquid Revolutionizes Web3 Data Access with $17.5M Funding and Google Partnership

Subsquid, a prominent Web3 data access layer, has secured $17.5 million in funding and forged a partnership with Google in anticipation of its forthcoming token launch. This funding will bolster the development of Subsquid's ground-breaking data indexing technology, which aims to revolutionize the accessibility of blockchain data. Specifically, Subsquid's integration with Google BigQuery allows developers to leverage the power of Google's data analytics platform for blockchain data analysis.

Subsquid Secures $17.5 Million Funding and Partners with Google, Revolutionizing Web3 Data Access

Subsquid, the pioneering Web3 data access layer, has secured a remarkable $17.5 million in funding. This financial boost, coupled with a strategic partnership with Google, will propel Subsquid's mission to democratize blockchain data, empowering a new era of decentralized applications (dApps) and data-driven insights.

Unlocking Blockchain Data with Google BigQuery Integration

A cornerstone of this collaboration is the seamless integration of Subsquid with Google BigQuery, a powerful cloud-based data analytics platform. By uniting its software development kit (SDK) with Google's analytical prowess, Subsquid empowers developers with unprecedented capabilities to analyze and interrogate blockchain data.

This integration represents a transformative milestone, providing enterprises and big data analysts with a comprehensive and reliable source of blockchain data, unlocking new opportunities for research, analysis, and decision-making.

Unveiling the SQD Token and Exchange Listings

In a testament to its growing prominence and community support, Subsquid will launch its native token, SQD, on multiple tier-one cryptocurrency exchanges on May 17, 2024. The SQD token will be available for trading on Gate.io, Bybit, KuCoin, CoinList, and MEXC Global, with markets opening at 8:00 UTC and an initial launch price of $0.094.

The SQD token is the lifeblood of the Subsquid ecosystem, serving as a reward mechanism for node operators who provide computational and storage resources, facilitating node curation, and enabling protocol governance. Its introduction will enhance liquidity, accessibility, and community involvement within the Subsquid network.

Industry-Leading Support and Strategic Partnerships

Subsquid's funding success is a testament to its strong industry support and the disruptive potential of its technology. Prominent investors such as Blockchange, Hypersphere, Zee Prime, DFG, and Lattice have played a pivotal role in these funding rounds, recognizing the transformative potential of Subsquid's data access layer.

"Helping to build networks is one of our primary purposes at Hypersphere," said Jack Platts, Co-Founder of Hypersphere. "By investing in Subsquid, we are ensuring that network and protocol developers always have access to the data they need to build. Subsquid reduces data costs for at scale deployment for many of the most popular blockchains and developer communities in the industry."

A Game-Changer in Data Accessibility

As Subsquid prepares for its imminent token launch, Co-Founder Dmitry Zhelezov emphasized the broader impact of its funding and strategic partnerships:

"With our token launch just around the corner, this is just the beginning of the next generation of the open internet: Permissionless data access for anyone building in the Web3 space. By eliminating vendor-lock and serving data in a P2P manner, Subsquid is a game-changer, and a fundamental improvement over the status quo of centralized solutions that have full control over the data."

Empowering Web3 with Data-Driven Insights

Subsquid's mission to democratize blockchain data is an essential step in the evolution of Web3. By providing reliable, accessible, and cost-effective access to blockchain data, Subsquid empowers developers and enterprises alike to build innovative products and services, drive data-driven insights, and unleash the full potential of Web3.

With its strategic partnerships, funding, and imminent token launch, Subsquid is poised to continue its transformative journey, shaping the future of blockchain technology and empowering the Web3 ecosystem with the power of data.