Blockscout raises $3M seed round led by 1kx to scale open-source blockchain data exploration across EVM chains

(PRESS RELEASE – Belgrade, Serbia, August 7, 2024)

• The $3 million round was led by 1kx with participation from Primitive Ventures and Gnosis.
• Blockscout's open-source block explorer provides access to blockchain data with multiple search capabilities and advanced analytics for over 600 networks including Filecoin, Arbitrum, Optimism, Base, and more.
• Blockscout has already become the de facto solution for Rollup-As-A-Service providers such as Conduit, Gelato and Astria.

Block Explorerthe leading open-source block explorer for all EVM-based chains, today announced the closing of its $3 million seed funding round led by 1kx. The round included investors such as Primitive Ventures and Gnosis, and angel investors such as Evan Van Ness, Alex Svanevik, Kartik Talwar, Anton Bukov, and Stefan George.

Blockscout plans to use the funding to further develop the product suite and improve the user experience, such as integrating social elements and ai-enabled tools directly into the dashboard. It will also be used to facilitate the implementation of its Explorer-as-a-Service, support new projects looking to customize EAAS, and deepen engagement with existing chains, further contributing to its mission of delivering key customizable data to those who need it, whether developers or end users.

Block explorers provide valuable services for anyone in need of up-to-date and reliable blockchain data; however, high fees and lack of customization have made many block explorers inaccessible to chains. Blockscout is on a mission to redefine the role of the block explorer, transforming the existing paradigm with its open-source and universally accessible tools. With coverage of over 600 networks to date and growing, Blockscout offers a full-featured product suite for exploring, confirming, and inspecting transactions, including robust developer tools and an easy-to-use portal for consumers and applications.

“Blockscout will be the default setting for all new and existing EVM chains,” he said. Igor Barinov, Founder and CEO of Blockscout. “We are on our way to becoming the premier platform for verifying all blockchain information and exploring decentralized applications securely. As one of the few open-source players, we offer unmatched transparency and accessibility that serves everyone in the crypto space, from developers to everyday users.”

“Block explorers have long been a staple tool for the web3 ecosystem, providing developers, analysts, and end users alike with the visibility they need into overall on-chain activity and transactions of interest,” he said. Nichanan Kesonpat, Research Analyst at 1kx“Blockscout’s open-source EVM explorer and tools allow emerging projects to host their own explorer, providing an alternative to expensive EaaS offerings and offsetting the costs of building an explorer from scratch. This is a critical tool in a modular, multi-chain world where new networks and application chains can provide their users with insights into network activity immediately.”

Chains can use Blockscout’s open-source software to host their own server or pay them to host an explorer on their behalf. Several features have made them particularly attractive to L2s, such as their support for smart wallet transactions and advanced API support. Deeply integrated into the L2 accumulation ecosystem, Blockscout has now become the de facto solution for RaaS providers such as Conduit, AltLayer, Gelato, Chainstack, and Astria, who integrate them to provide their customers with a ready-to-use block explorer.

Major players such as Arbitrum, Filecoin, OP, Base, and Immutable are also partnering with Blockscout, and in some cases have done so for several years. Blockscout has been a close collaborator of Optimism for over two years, providing them with key data for the Bedrock upgrade and subsequently receiving a retroactive grant from the community to recognize the value of their contributions. They also recently Announced a new integration with Arbitrum One, streamlining easy access to data on Arbitrum related to DAOs, nfts, and dApps.

About Blockscout

Block Explorer Blockscout is an open-source block explorer available for all EVM (ethereum Virtual Machine)-based chains. Available on over 600 networks, Blockscout features a robust interface for searching blocks, transactions, accounts, and tokens, and provides developer tools including smart contract verification and access to a set of optimized APIs. The new DAppscout marketplace integrated into Blockscout offers a secure environment for decentralized application discovery, exploration, and interaction.

For more information, users can visit www.blockscout.com or follow Blockscout on twitter.com/blockscoutcom” target=”_blank” rel=”nofollow noopener” data-wpel-link=”external”>x, Telegramand Discord

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