0xScope raises $5 million in pre-series funding and launches Web3-based AI Chatbot Scopechat
Posted: January 16, 2024 10:04 AM Updated: January 16, 2024 10:04 AM
Correction and fact check date: January 16, 2024, 10:04 AM
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0xScope has raised $5 million in a pre-Series A funding round to unveil 0xScope V2 and launch its Web3-based AI chatbot Scopechat.
Web3 data analytics company 0xScope today announced the launch of 0xScope V2, which aims to provide robust data support for Web3 AI applications. This will address ongoing issues such as high barriers to entry, subpar user experience, and information noise issues within the Web3 space.
Through this, we aim to increase understanding of AI on Web3 and help realize the potential of combining blockchain and AI.
The company also raised $5 million in a pre-Series A funding round led by HashKey Capital and included participation from Redpoint China, OKX Ventures, GSR Markets, Amber Group, Antalpha, and Main Quad Capital. Existing shareholders including Mask Network, Hash Global, and XIN Family also participated in fundraising.
0xScope also mentioned the availability of Scopechat, an AI chatbot based on Web3 data, on social media platform X. Scopechat allows users to get detailed analytical trading reports on cryptocurrencies, discover the latest trends and popular tokens, and inquire about Web3 issues. .
0xScope’s Web3 AI data layer
0xScope is the first Web3 AI data layer, a comprehensive set of standards for collecting, organizing, and managing both on-chain and off-chain data specifically tailored for Web3 AI training. Additionally, developers have access to high-quality data for training and optimization of AI-based decentralized applications (dApps).
This is not the first time 0xScope has leveraged data analytics, AI, and large language models (LLMs) in the Web3 industry. In its initial V1 phase, the company served hundreds of thousands of individual users and over 200 B2B customers, including venture capitalists, quant funds, exchanges, independent developers, and more.
The company’s ecosystem includes a suite of AI-powered Web3 market intelligence solutions. Scopechat, an AI-powered assistant for cryptocurrency traders, leverages 0xScope’s Web3 AI data layer to provide accurate and comprehensive answers to Web3-related queries.
Scopescan, an on-chain data analytics platform, allows users to gather insights into Web3 addresses and profiles in real time. ScopeAPI also allows developers to power their apps with 0xScope’s data and AI solutions.
Going forward, 0xScope is building a coalition of ecosystem partners to further advance the development of Web3 AI solutions. This joint effort involves data providers, platform developers, data quality reviewers, node service providers, and data buyers. To encourage contributions, 0xScope is developing an economic system powered by crypto tokens.
By releasing 0xScope V2 and injecting $5 million in new funding, 0xScope aims to alleviate the challenges and develop a collaborative ecosystem for the future where AI builds a symbiotic relationship by unlocking the next phase of Web3 growth.
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Kumar is an experienced technology journalist specializing in the dynamic intersection of emerging fields including AI/ML, marketing technology, cryptocurrency, blockchain, and NFTs. With over three years of experience in the industry, Kumar has established a proven track record in crafting compelling narratives, conducting insightful interviews, and providing comprehensive insights. Kumar’s specialty is producing high-impact content including articles, reports and research publications for prominent industry platforms. With a unique skill at combining technical knowledge and storytelling, Kumar excels at communicating complex technical concepts in a clear and engaging way to diverse audiences.
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Kumar is an experienced technology journalist specializing in the dynamic intersection of emerging fields including AI/ML, marketing technology, cryptocurrency, blockchain, and NFTs. With over three years of experience in the industry, Kumar has established a proven track record in crafting compelling narratives, conducting insightful interviews, and providing comprehensive insights. Kumar’s expertise lies in producing impactful content, including articles, reports and research publications for prominent industry platforms. With a unique skill at combining technical knowledge and storytelling, Kumar excels at communicating complex technical concepts in a clear and engaging way to diverse audiences.