Blockscout Raises $3M Seed Round to Redefine the Role of the Block Explorer

Block explorers provide valuable services for anyone who needs up-to-date and reliable blockchain data, however, high fees and lack of customizability have made many block explorers inaccessible to chains.

Block explorers are an essential tool for anyone who needs up-to-date and reliable blockchain data. But high fees and a lack of customizability have made many block explorers inaccessible to chains.

Blockscout is on a mission to change that. The company's open-source block explorer provides access to blockchain data with multi-search functionalities and advanced analytics for over 600 networks, including Filecoin, Arbitrum, Optimism, Base, and more.

Today, Blockscout announced that it has closed a $3 million seed round led by 1kx.

The funding will be used to expand Blockscout's team and product offerings, as well as continue its mission of making blockchain data more accessible.

“Block explorers have long been a staple tool for the web3 ecosystem – giving developers, analysts, and end users alike the visibility they need into general onchain activity and transactions of interest,” said Blockscout in a statement.

"Blockscout's open source EVM explorer and tools enable nascent projects to host their own explorer, providing an alternative to expensive EaaS offerings and offsetting the costs of building an explorer from scratch."

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